Berkshire Hathaway Unit Buys RE Broker Prudential Fox
Law360, New York (August 15, 2013, 2:18 PM EDT) -- The real estate and mortgage subsidiary of Warren Buffett's Berkshire Hathaway Inc. has acquired Prudential Fox & Roach Realtors, a top-five U.S. mortgage broker that had more than $8 billion in sales last year, the Berkshire Hathaway affiliate said late Wednesday.
HomeServices of America Inc., a wholly owned subsidiary of Berkshire Hathaway, will assimilate Prudential Fox into the new Berkshire Hathaway HomeServices franchise brand. The deal will expand HomeServices' presence in the U.S. mid-Atlantic region and give it an entry into Pennsylvania, New Jersey and Delaware.
HomeServices will acquire both Prudential Fox and its subsidiary, The Trident Group. Prudential Fox had...
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