A merger between national real estate companies RealtyUSA and Howard Hanna Real Estate Services was announced Wednesday, providing RealtyUSA offices with new services that will benefit customers and real estate agents.
In a news release, Merle L. Whitehead, president and CEO of RealtyUSA, and Howard W. Hanna III, chairman of Howard Hanna, announced the merger during a joint press conference in Buffalo. The merger makes Howard Hanna the third-largest realty company in the country.
“I’m so excited,” said Mark W. Re, the vice president and general manager for the Central and Northern New York division.
Howard Hanna acquired multiple new offices and thousands of new employees due to the merger, especially in New York.
According to the release, Howard Hanna will acquire more than 9,000 employees and 270 offices. Mr. Re said the four offices from Nothngale Realtors, a company that merged with Howard Hanna last May, combined with the 65 RealtyUSA offices for a total of 69 offices in the state. Armand D’Alfonso, president of Nothnagle Realtors, will be president of the state divisions and Mr. Whitehead will be the chairman.
Other than the new tools, the merger will not affect either company’s operations or staff numbers.
Mr. Re said the only change will be the additional tag line “A Howard Hanna Company.”
“Our name will still be RealtyUSA,” Mr. Re said.
According to the press release, the merging companies’ combined performance in 2015 was $16.2 billion in closed sales volume and 89,737 closed transactions.