HomeServices of America, Inc. Announces Acquisition of Prudential Connecticut Realty

MINNEAPOLIS (April 11, 2012) – HomeServices of America Inc., a Berkshire Hathaway affiliate, today announced the acquisition of Prudential Connecticut Realty, one of Connecticut's largest and most respected real estate brokerage firms.

Headquartered in Wallingford, Conn., Prudential Connecticut serves the entire state of Connecticut, with more than 1,400 sales associates in more than 50 offices located in major markets across the state. Prudential Rhode Island Realty, a division of Prudential Connecticut Realty has two offices serving the communities of Westerly and Watch Hill. In 2011, Prudential Connecticut Realty retains its name and remains a flagship franchisee of Prudential Real Estate's U.S. network.

It's chairman, Peter Helie, is recognized for his exemplary professional contributions and his extensive philanthropic activities within his community. Helie will continue in his role as chairman and CEO, and Candace Adams will continue as president, running the day-to-day operations along with sales management and executive leadership teams.

HomeServices is the second-largest, full-service independent residential real estate brokerage firm and the largest brokerage-owned settlement services provider in the U.S. The acquisition represents HomeServices' initial entry into Connecticut and the Northeast region, and with this transaction, HomeServices has 26 brands and more than 16,000 real estate professionals operating in 20 states. HomeServices' growth strategy focuses on identifying market-leading companies that have etablished deep and enduring reputations within their community and long-standing traditions for excellence.

"Prudential Connecticut is among the leading real estate companies in the U.S. and closely aligns with our corporate visions, our culture of integrity, and our emphasis on customer value and results" said Ron Peltier, chairman and CEO of HomeServices. "Peter and Candace are highly regarded for their leadership skills, real estate experience and acumen, and unwavering commitment to delivering an exceptional customer experience."

"This transaction makes one of the premier firms in Connecticut an even stronger organization," adds Helie. "By joining forces with HomeServices, we will be unmatched in our ability to serve the rel estate and corporate relocation needs of new and existing clients throughout Connecticut and Rhode Island."

"We are proud to be a part of HomeServices of America," noted Adams. "We are joining an organization known for its strength and stability; one that is consistent with our high standards of service and integrity, making this a win/win for our customers and our brokers."

"I am delighted that HomeServices is establishing a presence in Connecticut," Peltier said. "I look forward to having Peter, Candace and their team join the HomeServices network of companies."

Information about Prudential Connecticut Realty is available at www.prudentialct.com

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