HomeServices of America, an affiliate of Berkshire Hathaway, has acquired The Long & Foster Cos., the largest U.S. private residential real estate firm in terms of sales volume.
The acquisition greatly expands Minneapolis-based HomeServices’ footprint in the Baltimore and Washington markets, and the move will make it the largest home-seller based on transactions, according to the firm’s announcement Thursday.
The financial terms were not disclosed.
Long & Foster, a 49-year-old company based in Chantilly, Va., has more than 2,000 agents and more than 35 offices in the Baltimore and Western Maryland areas. It has about 11,000 agents in more than 230 offices in...