HomeServices of America Inc.
The expansion of Ron Peltier’s HomeServices residential real estate brokerage empire continued this year with the acquisition of Florida Network Realty of Jacksonville, that state’s second-largest brokerage, with nearly $900 million in 2015 sales volume. Next came the acquisition of Kentwood Real Estate, one of the biggest residential brokers in metropolitan Denver. Peltier says his goal is to “acquire distinguished companies,” and that philosophy looks to continue unabated in 2017, especially with the resources of Warren Buffet’s Berkshire Hathaway behind him. It would be a safe bet that HomeServices is likely to continue building up its standalone home mortgage and insurance businesses.