A Berkshire Hathaway affiliate, HomeServices of America, Inc., has made public the acquisition of Prudential Connecticut Reality, which is one of Connecticut’s biggest and most respected residential real estate brokerage firms.
Prudential Connecticut, headquartered in Wallingford, Connecticut, serves the whole state, with no less than 1,400 sales associates in not less than 50 offices situated in major markets across the state. Prudential Rhode Island Realty, which is a division of Prudential Connecticut Realty, has its two offices that serve the Westerly and Watch Hill communities.
Prudential Connecticut Reality had $2.5 billion in sales in the year 2011. Prudential Connecticut Reality, under its new structure, preserves its name and retains a flagship franchisee of Prudential Real Estate’s U.S. network.
Peter Helie, the chairman of the institution, is known for his excellent professional contributions and far-reaching philanthropic activities within his community. Helie will pursue in his function as chairman and CEO, and Candace Adams will go on as president, managing the day-to-day operations along with sales management and executive leadership teams.
HomeServices is considered as the second-biggest, full-service independent residential real estate brokerage firm, and the biggest brokerage-owned settlement services provider in the United States. The acquisition embodies the initial entry of HomeServices into Connecticut and the Northeast region. With this deal, HomeServices has 26 brands, and no less than 16,000 real estate professionals that operate in 20 states. HomeServices’ growth strategy centers on pointing out market-leading companies that have founded deep and lasting reputations within their community and old traditions for excellence.
Ron Peltier, chairman and CEO od HomeServices said, “Prudential Connecticut is among the leading real estate companies in the U.S. and closely aligns with our corporate vision, our culture of integrity, and our emphasis on customer value and results… Peter and Candace are highly regarded for their leadership skills, real estate experience and acumen, and unwavering commitment to delivering an exceptional customer experience.”
Helie added, “This transaction makes one of the premier firms in Connecticut an even stronger organization… By joining forces with HomeServices, we will b unmatched in our ability to serve the real estate and corporate relocation needs of new and existing clients throughout Connecticut and Rhode Island.”
Adams commented, “We are proud to be a part of HomeServices of America… We are joining an organization known for its strength and stability; one that is consistent with our high standards of service and integrity, making this a win/win for our customers and our brokers.”
Peltier said, “I am delighted that HomeServices is establishing a presence in Connecticut… I look forward to having Peter, Candace and their teams join the HomeServices network of companies.”
Comments(1)