Last Updated on October 20, 2022
Allen Tate strategic partner acquires Sulfur Springs Realty
Allen Tate Companies, the Carolinas’ leading real estate company, has announced that its strategic partner, Howard Hanna Real Estate Services, has expanded its coverage in the Toledo, Ohio area.
Howard Hanna has acquired Sulfur Springs Realty, an independent residential brokerage firm with more than 50 agents in Northwest Ohio and two offices in Toledo and Perrysburg.
Howard Hanna, who completed a partnership with Allen Tate Companies in early 2019, is the #1 privately owned broker in the nation and the 3rd largest real estate company in the United States. The combined companies operate more than 300 offices across 10 states with more than 11,000 agents and employees.
“Sulfur Springs Realty is a great established company, known for its quality and integrity. They are a market leader and align well with our overall growth strategy,” said Howard W. “Hoby” Hanna, IV, president, Howard Hanna Real Estate Services.
“Howard Hanna’s acquisition of Sulfur Springs Realty further strengthens our companies’ footprint and referral network. Ohio has traditionally been a strong feeder market to the Carolinas, and we look forward to helping clients relocating to our markets in the Southeast,” said Pat Riley, president and CEO, Allen Tate Companies.
In 2019, Allen Tate acquired two independent real estate companies: Blowing Rock Investment Properties in Blowing Rock, N.C. and Realty One in Winston-Salem, N.C. The Howard Hanna-Allen Tate partnership has given Allen Tate substantial traction and scale in the competitive real estate industry. Both Howard Hanna and Allen Tate are expected to announce additional acquisitions throughout their respective markets in 2020.
