At the annual Howard Hanna Strategic Planning Meeting held at the Fairmont Hotel in downtown Pittsburgh, Chairman and CEO Howard W. “Hoddy” Hanna, III announced that the firm intends to allocate $250 million for expansion and acquisitions. This will occur not only in the company’s current five state real estate and mortgage footprint of Pennsylvania, Ohio, Michigan, New York and West Virginia, but also to gain entrance to new markets in the Northeast, Mid-Atlantic and Midwest regions of the country.
“Plans are to double the size of our company in the next three years,” adds Hanna. Leading the expansion efforts for the fourth largest real estate company in the United States will be Senior Vice President Ron Dishler, a long-time Hanna executive and Senior Vice President Tom Schoeller, who recently joined Howard Hanna in January.
The privately-held firm, founded in 1957, reported its best year ever in 2012, with more than $7 billion in closed sales volume and 41,348 closed transactions, 7,062 more than the year before.
With its solid core business, talented management team and the financial capability to make acquisitions, Howard Hanna has acquired 43 companies in the last ten years. Major acquisitions include: Edward Surovell REALTORS®, Ann Arbor, Mich. in 2012; Real Living Realty One, Cleveland, Ohio in 2008; Detweiler Realty, Harrisburg, Pa. in 2006; Smythe Cramer, Cleveland, Ohio in 2003.
For more information, visit www.howardhanna.com.
