Fathom Holdings Expands with Acquisition of My Home Group

Deal News | Nov 05, 2024 | EIN

Fathom Holdings Expands with Acquisition of My Home Group

Fathom Holdings, Inc. has announced its acquisition of My Home Group, an Arizona-based brokerage known for its large agent network and robust transaction count. This strategic purchase aims to broaden Fathom's market presence, particularly in the burgeoning real estate landscape of Arizona, noted for its economic growth and population increase. With My Home Group's established brand and continuity in leadership under co-founders Jereme Kleven and Mark Hutchins, Fathom plans to retain the local brand, capitalizing on the existing market trust and performance. Recognized by Inc. 5000 for seven years as a fast-growing firm, My Home Group adds more than 2,200 agents and completes around 12,000 transactions annually. The merger underscores Fathom's commitment to expanding its agent-centric services and market reach. The partnership is set to enhance the corporation's technological framework and leadership depth, reinforcing its vision of sustainable growth through quality service, agent empowerment, and enhanced community impact. Fathom CEO Marco Fregenal and My Home Group co-founders have expressed enthusiasm about the merger, emphasizing cultural alignment and a shared mission to equip agents with better resources, opportunities for personal and professional advancement, and a more compelling career pathway.

Sectors

  • Real Estate

Geography

  • United States – The companies involved are based in the United States, with significant emphasis on the Arizona real estate market.
  • Arizona – Arizona is the state where My Home Group operates, and the acquisition is aimed at strengthening Fathom Holdings' presence in this key geographic market.

Industry

  • Real Estate – The acquisition of My Home Group by Fathom Holdings pertains to the real estate industry, focusing on brokerage services and expanding market footprints in Arizona.

Financials

  • 2,200 agents – My Home Group's agent network size added to Fathom Holdings' operations.
  • 12,000 transactions annually – The number of transactions My Home Group completes each year, contributing to Fathom Holdings' growth.

Participants

NameRoleTypeDescription
Fathom Holdings, Inc.Bidding CompanyCompanyA nationwide real estate services company expanding its presence through strategic acquisitions.
My Home GroupTarget CompanyCompanyAn Arizona-based top-producing brokerage known for its large agent network and high transaction volume.
Jereme KlevenCo-FounderPersonCo-founder of My Home Group, continuing to oversee daily operations post-acquisition.
Mark HutchinsCo-FounderPersonCo-founder of My Home Group, continuing to oversee daily operations post-acquisition.
Marco FregenalCEOPersonCEO of Fathom Holdings, leading the company's strategic expansion efforts.