HomeServices of America, Inc., recently announced the acquisition of First Weber REALTORS®, Wisconsin’s leading residential real estate brokerage firm, and its subsidiary Priority Title Corporation together with ownership interests in eight regional title operations in Wisconsin. Terms were not disclosed.
Headquartered in Madison with additional support staff in Milwaukee, First Weber has nearly 1,200 sales associates in 58 offices throughout Madison, Milwaukee, central Wisconsin, the Fox Valley and the Northwoods. In 2014, First Weber closed $2.5 billion in sales and ranked in the top 20 U.S. brokers based on closed units. Through Priority Title Corporation, the company provides title insurance and escrow services to its clients.
Founded in 1971, First Weber is best known for its commitment to providing its agents and clients with the highest level of customer service, expertise, and resources. James Imhoff, president and CEO, is known for his industry expertise and leadership. Imhoff, together with the executive management team of Kevin Donnell, Tamara Maddente and Robert Weber will continue to lead First Weber’s strategic planning and growth initiatives as well as manage the day-to-day operations along with their sales management teams.
HomeServices is the nation’s second-largest, full-service residential real estate brokerage firm and, through its operating companies, is one of the largest brokerage-owned settlement service providers in the U.S. The acquisition further expands HomeServices’ presence in Wisconsin along with another of its companies, Minneapolis-based Edina Realty, which serves western Wisconsin.
With this transaction, HomeServices has nearly 26,000 real estate professionals operating in 26 states. In 2014, HomeServices’ associates closed $67 billion in sales, nearly 200,000 real estate transactions, and approximately $3.5 billion in home mortgage loans.
“First Weber is a strong company with excellent brand recognition and long-term ties to the communities it serves,” says Ron Peltier, chairman and CEO of HomeServices. “This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values.”
“We are proud to be part of HomeServices of America,” notes Imhoff. “We are joining an organization known for its strength and stability—one that is consistent with our high standards of service, integrity and community involvement, making this a win–win for our customers and brokers.”
“This is an important transaction for HomeServices and we are looking forward to having Jim, Kevin, Tamara, Robert and their teams join the HomeServices family,” concludes Peltier.
For more information, visit www.homeservices.com.
