Howard Hanna Real Estate Services, the biggest brokerage in upstate New York and the third biggest in the country, is growing again — this time, in the Carolinas.
The family-owned, Pittsburgh-based company — the biggest in Pennsylvania, Ohio and New York — announced Thursday that it had merged with Allen Tate Companies of Charlotte, the largest real estate company in North and South Carolina. Both companies were founded in 1957 and are full-service firms, with mortgage, title insurance, relocation and other insurance products, in addition to brokerage services.
Terms were not disclosed, but the combination of two privately owned firms creates an East Coast, Mid-Atlantic and Midwestern powerhouse with more than 11,000 agents and employees in 326 offices across nine states, including Pennsylvania, Ohio, New York, North Carolina, South Carolina, Virginia, West Virginia, Maryland and Michigan.
“This partnership will allow us to continue our dominance as the largest privately owned real estate organization in the country,” said Hanna Holdings Chairman Howard W. "Hoddy" Hanna III.
Combined, the two firms handled more than 119,000 home sale transactions in 2017, with sales volume of more than $24 billion, and mortgage banking volume of over $2 billion. The new company will also be the largest property and casualty real estate insurance agency on the East Coast.
Hanna bought Orchard Park-based RealtyUSA and Rochester-based Nothnagle Realtors to become the dominant player in New York.