Houlihan Lawrence Bought By HomeServices of America

HomeServices of America, Inc., a Berkshire Hathaway affiliate, announced Tuesday the acquisition of Houlihan Lawrence, one of the leading real estate firms serving suburbs of Manhattan.

Financial terms of the transaction were not disclosed, according to a spokeswoman.

Houlihan Lawrence serves the Westchester, Putnam, Dutchess, Orange and Ulster counties of New York and Fairfield in Connecticut with 1,300 sales associates operating in 30 sales offices.

In 2016, Houlihan Lawrence closed $6.7 billion of sales volume.

Established in 1888, Houlihan Lawrence has been known to generations of buyers and sellers for its leadership in luxury representation and local expertise delivered by a team of knowledgeable agents coupled with the firm’s renowned advanced technologies and data driven insights.

Nancy Seaman will step aside as chairwoman while her brothers Stephen Meyers, president and CEO, and Chris Meyers, managing principal, will continue to lead the firm’s strategic growth initiatives and manage day-to-day operations together with their sales management teams.

Houlihan Lawrence, like other locally branded brokerage companies under the HomeServices umbrella, will retain its name, a spokeswoman said.

Meyers said the firm was joining an organization known for its strength and stability.

“Our partnership secures the future of the firm without changing the exceptional culture that is core to our storied brand. We are thrilled with this announcement and the many benefits it brings to our clients and agents,” he said.

With this transaction, HomeServices has nearly 29,500 real estate professionals operating in nearly 570 offices across 28 states. In 2016, the company’s associates facilitated more than $93 billion in residential real estate sales.

Logo: Houlihan Lawrence.