La Rosa Holdings Corp. Expands Portfolio with Acquisition of Realty Beaches
Deal News | Jan 08, 2025 | Globenewswire
La Rosa Holdings Corp., a company listed on NASDAQ, has announced the acquisition of La Rosa Realty Beaches LLC, a real estate brokerage franchisee based in Fort Lauderdale, Florida. This acquisition allows La Rosa Holdings to hold 100% interest in Realty Beaches, which reported a trailing twelve-month revenue of approximately $2.7 million and positive net income as of November 2024. Realty Beaches is notable for offering a comprehensive range of residential and commercial real estate brokerage services, as well as coaching and support for agents on a fee basis. Joe La Rosa, CEO of La Rosa Holdings, remarked that the acquisition would fuel the company's revenue growth and improve margins through increased operational efficiencies and economies of scale. La Rosa Holdings stands out in the real estate industry by providing agents a choice between a revenue-sharing model or a flat-fee structure, designed to maximize agents' income and career growth. The company operates multiple brokerage offices across the United States as well as Puerto Rico, and continues to expand its services and influence in the market.
Sectors
- Real Estate
- Corporate Finance
- Technology
Geography
- United States – The acquisition involves La Rosa Holdings Corp. and its operations across various states including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico.
- Florida – Specifically, La Rosa Realty Beaches LLC is based in Fort Lauderdale, Florida, making it a key focus area for this transaction.
Industry
- Real Estate – The article focuses on a company involved in residential and commercial real estate brokerage services, highlighting industry trends and business strategies specific to real estate.
- Corporate Finance – The acquisition of a franchise by a holding company involves corporate finance activities such as valuation, funding, and integration strategies.
- Technology – The company leverages technological platforms to offer integrated services for real estate agents, indicating a intersection with the technology sector.
Financials
- $2.7 million – Trailing twelve-month revenue reported by La Rosa Realty Beaches LLC as of November 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| La Rosa Holdings Corp. | Acquiring company | Company | A NASDAQ-listed holding company engaged in the real estate industry, offering technological and agent-centric services. |
| La Rosa Realty Beaches LLC | Target company | Company | A real estate brokerage franchisee located in Fort Lauderdale, Florida, acquired by La Rosa Holdings Corp. |
| Joe La Rosa | CEO of Acquiring Company | Person | CEO of La Rosa Holdings Corp., leading the strategic acquisition of Realty Beaches. |