Howard Hanna Reinforces Expansion Efforts with Key Acquisitions
Deal News | Nov 01, 2024 | EIN
Howard Hanna Real Estate Services (HHRES) has executed two strategic mergers to enhance its market influence and service dedication. The company has integrated Big Hill Realty of Dayton, Ohio, and The Alliance Group Realty from Hilton Head, South Carolina, into its operations. The merger with Big Hill Realty aims to consolidate HHRES's position in Ohio by merging professional expertise and a shared service ethos. This assimilation allows Big Hill Realty agents access to innovative programs like the Buy & Borrow Bundle and the exclusive 100% Money Back Guarantee. Concurrently, the acquisition of The Alliance Group Realty introduces HHRES into South Carolina's Low Country, aligning with the company's broader growth strategy. Founded in 2011 by Bob Clarkson, The Alliance Group boasts over 70 agents and reported $140 million in sales for 2023. Clarkson will stay on as area manager. These expansions are part of HHRES's strategy under CEO Howard W. Hoby Hanna IV to provide enhanced support and service across acquired regions.
Sectors
- Real Estate
- Mergers and Acquisitions
Geography
- United States – The article involves companies operating in the United States, specifically in Ohio and South Carolina.
- Ohio – Big Hill Realty, one of the acquired companies, is based in Dayton, Ohio.
- South Carolina – The Alliance Group Realty, another acquisition target, is located in Hilton Head, South Carolina.
Industry
- Real Estate – The main focus of the article is on real estate companies and their strategic expansions through mergers and acquisitions.
- Mergers and Acquisitions – The article discusses the acquisition activities involving Howard Hanna Real Estate Services and two other real estate firms.
Financials
- $140 million – The reported sales volume for 2023 by The Alliance Group Realty.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Howard Hanna Real Estate Services | Acquirer | Company | A real estate company executing strategic mergers to expand its market reach. |
| Big Hill Realty | Target Company | Company | A real estate firm based in Dayton, Ohio, acquired by Howard Hanna Real Estate Services. |
| The Alliance Group Realty | Target Company | Company | A Hilton Head-based real estate firm known for high sales volume, acquired by HHRES. |
| Jeff Owens | President of Big Hill Realty | Person | President of Big Hill Realty, expressing excitement about the merger with Howard Hanna. |
| Shawn Adams | President of HHRES Ohio South Central Region | Person | Involved in the merger process to enhance service in the Ohio region. |
| Bob Clarkson | Founder of The Alliance Group Realty | Person | Founder remaining as area manager following the merger with Howard Hanna. |
| Howard W. Hoby Hanna IV | CEO of HHRES | Person | Chief Executive Officer of Howard Hanna Real Estate Services, discussing strategic growth. |