Long & Foster Gets Bought and Buys

HomeServices of America, an affiliate of the Warren Buffett conglomerate Berkshire Hathaway acquired the Mid-Atlantic residential brokerage house The Long & Foster Companies on September 7 for an undisclosed amount, according to The Washington Post. The acquisition includes Long & Foster’s mortgage, settlement services, insurance and property management business lines. For now, the brand, leadership, and headquarters location will not be affected by the change in ownership. Five days after it was acquired, Long & Foster bough the three-office brokerage firm Evers & Co., also for an undisclosed amount. Long & Foster’s 2016 sales volume totaled $29 billion.

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