Sign up for one of our email newsletters. Northwood Realty Services will acquire Berkshire Hathaway HomeServices The Preferred Realty, the company announced Tuesday night.
In a statement, Northwood Realty Services said the combined company — which will operate as Berkshire Hathaway HomeServices The Preferred Realty by mid-August — will become the largest real estate broker in the region in volume, sales and active listings. Both companies are based in McCandless.
“This is a win for all of us – and for consumers,” Northwood CEO and President Tom Hosack said in a statement. “While it is bittersweet for us to retire the ‘Northwood’ name, it’s important to remember that the legacy of Northwood is much more than a name.
It is a solid foundation of culture and values that will continue for a long time. Leaders at both companies agree that we are a great fit together.” Hosack will continue to serve as co-president and CEO of the new company.
James Saxon, the current president and CEO of Berkshire Hathaway HomeServices The Preferred Realty, will become co-president and chief operating officer. Combined, the new company will include more than 1,800 real estate agents, and have more than 50 offices across 22 counties in Western Pennsylvania and Eastern Ohio. Read more from triblive.com…
thumbnail courtesy of triblive.com