Berkshire Hathaway affiliate HomeServices of America Inc. has expanded its presence in California by acquiring Fresno-based Guarantee Real Estate, whose 400 sales associates closed more than $634 million in sales working out of 13 offices in 2011.

HomeServices said the brokerage’s management and leadership teams will remain in place, led by CEO and President J. Scott Leonard, and co-chairmen Joan Eaton and Paul Gibson.

Berkshire Hathaway affiliate HomeServices of America Inc. has expanded its presence in California by acquiring Fresno-based Guarantee Real Estate, whose 400 sales associates closed more than $634 million in sales working out of 13 offices in 2011.

HomeServices said the brokerage’s management and leadership teams will remain in place, led by CEO and President J. Scott Leonard, and co-chairmen Joan Eaton and Paul Gibson.

"We are excited to be in Fresno and are looking forward to having Scott, Joan, Paul and their teams join the HomeServices family,” said HomeServices CEO Ron Peltier in a statement.

Peltier said Guarantee Real Estate has been "a valued partner to HomeServices" within the Realty Alliance brokerage network, which is chaired by HomeServices President and COO Robert Moline. Through the years, Peltier said, "We have shared many ideas and successes."

HomeServices says its growth strategy is to identify market-leading companies that have established "deep and enduring reputations within their community and long-standing traditions for excellence."

With this acquisition, HomeServices has 27 brands and more than 16,000 real estate professionals operating in 21 states. The Minneapolis-based firm closed nearly $42 billion in sales volume in 2012, representing buyers or sellers in 145,000 transactions, and closed approximately $4 billion in home mortgages.

This year the company plans to launch a new franchise brand, Berkshire Hathaway HomeServices, as the majority owner of a joint venture, HSF Affiliates LLC, that operates the Prudential Real Estate and Real Living Real Estate franchise networks.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×