M&A Deal Summary

Berkshire Hathaway HomeServices Acquires American Caribbean Real Estate of the Middle and Lower Florida Keys

On January 25, 2019, Berkshire Hathaway HomeServices acquired real estate company American Caribbean Real Estate of the Middle and Lower Florida Keys from Christie’s Real Estate

Acquisition Highlights
  • This is Berkshire Hathaway HomeServices’ 2nd transaction in the Real Estate sector.
  • This is Berkshire Hathaway HomeServices’ 2nd transaction in the United States.
  • This is Berkshire Hathaway HomeServices’ 1st transaction in Florida.

M&A Deal Summary
Date 2019-01-25
Target American Caribbean Real Estate of the Middle and Lower Florida Keys
Sector Real Estate
Buyer(s) Berkshire Hathaway HomeServices
Sellers(s) Christie’s Real Estate
Deal Type Divestiture

Target

American Caribbean Real Estate of the Middle and Lower Florida Keys

Islamorada, Florida, United States
American Caribbean Real Estate has been exceeding expectations of buyers and sellers in the Florida Keys real estate market, establishing a reputation that is synonymous with integrity, professionalism and unparalleled market expertise. With two locations in the Upper Keys, Islamorada and Key Largo, American Caribbean has become recognized as an industry leader in the Florida Keys’ marketplace, with billions of dollars in closed sales and listings. We attribute our success to our dedicated sales team and administrative staff.

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Buyer(S) 1

Buyer

Berkshire Hathaway HomeServices

Irvine, California, United States
Category Company
Sector Real Estate
DESCRIPTION

BHH Affiliates LLC is a real estate brokerage network built for a new era in a residential real estate. BHH Affiliates is based in Irvine, California.

DEAL STATS #
Overall 2 of 3
Sector (Real Estate) 2 of 3
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Berkshire Hathaway HomeServices Florida Realty

Florida, United States

Berkshire Hathaway HomeServices Florida Realty is a provider of residential and commercial services as well as title and settlement services, seasonal rentals, property management, REO & Foreclosures, corporate relocations, nationwide referral assistance, home service plans, and personal moving concierge services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Powell & Associates Real Estate

Punxsutawney, Pennsylvania, United States

Powell & Associates Real Estate LLC has been a prominent brokerage in the Punxsutawney market for over 32 years. Owned by Don Powell, they have been well respected for having well-trained agents and providing professional real estate services. Additionally, Powell is well versed in land and lot sales, homes, farms, and commercial real estate.

Buy -

Seller(S) 1

SELLER

Christie’s Real Estate

New York, New York, United States
Category Company
Founded 1987
Sector Real Estate
DESCRIPTION

Christie’s Real Estate is a global network offering exclusive home and luxury real estate services to buyers and sellers worldwide. Christie’s Real Estate was founded in 1987 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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