Long & Foster acquired by HomeServices of America

HomeServices of America, Inc., a Berkshire Hathaway affiliate, announced Sept. 7 that it had acquired The Long & Foster Companies, Inc., the largest private residential real estate company in the United States (by sales volume). The acquisition includes Long & Foster’s family of companies, including Long & Foster Real Estate and its market-leading affiliated business lines in mortgage, settlement services, insurance, and property management.

Financial terms of the transaction were not disclosed.

Headquartered in Chantilly, Virginia, Long & Foster Real Estate is the largest independent residential real estate brand by volume and the second largest independent brand by units according to the 2017 REAL Trends 500 report. The company has approximately 11,000 agents in more than 230 offices in major markets across the Mid-Atlantic and beyond. Long & Foster operates several offices in Henrico.

In 2016, Long & Foster Real Estate had nearly $29 billion in sales volume and more than 81,000 home sale transactions, while. Prosperity Mortgage originated $3.3 billion in home loans, representing nearly 12,000 mortgages. Long & Foster’s settlement services companies closed more than 20,000 title and escrow transactions, and its insurance company issued approximately 8,300 property and casualty insurance policies.

Long & Foster was founded in 1968 by Wes Foster and Henry Long

Wes Foster will remain with the company as chairman emeritus. Jeff Detwiler, Long & Foster’s current president and chief operating officer, will assume the role of chief executive officer and, together with the existing team of enterprise and business line leaders, will oversee growth initiatives and continue to manage day-to-day operations.

“Finding the right partner to maintain the legacy, culture, and integrity of Long & Foster was of utmost importance to me,” said Foster. “I couldn’t be more pleased that we are joining an organization known for its impeccable reputation and commitment to protecting brands. Joining HomeServices ensures that our history of market leadership and industry expertise continues.”

“The Long & Foster brand and its legacy of integrity and service will continue as it has for the past 50 years,” said Detwiler. “Joining HomeServices makes us an even stronger company. HomeServices is an outstanding organization that shares our commitment to delivering exceptional customer service. This is a clear win for our clients, agents, and employees.”

The acquisition expands HomeServices’ presence in the Mid-Atlantic region to Washington D.C. and Baltimore and extends its national footprint to Virginia and West Virginia.

“This is an important transaction for HomeServices, and we are incredibly proud to have The Long & Foster Companies join the HomeServices family,” said Ron Peltier, HomeServices’ chairman and CEO. “Wes, together with his executive team, regional leaders, sales managers, and agents, has built an extraordinary organization that exemplifies an exceptional level of expertise, vision, and leadership. We are honored to be part of Long & Foster’s future and are committed to its continued growth and success.”
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Henrico Master Gardener training program accepting applications through Oct. 27


The Henrico County Office of Virginia Cooperative Extension is accepting applications for its next volunteer Master Gardener training program, which provides instruction in all aspects of horticulture.

Applications for the 2018 training program will be accepted through Friday, Oct. 27. Classes will be held from 9 a.m. to 12:30 p.m. Tuesdays and Thursdays from Jan. 16 through March 22. > Read more.

Henrico Schools to host Oct. 30 job fair


Henrico Schools will host a job fair Oct. 30.

The event, to be held from 10 a.m. to 2 p.m. at the Fairfield branch library, is designed to attract potential full-time and substitute registered nurses, instructional assistants, bus drivers and school nutrition workers. > Read more.

Henrico Police to participate in ‘Tip a Cop’ Oct. 21


Henrico County Police Division and the Virginia Division of Capitol Police are participating in “Tip-A-Cop” to Support the Special Olympics Saturday, Oct. 21.

From 11 a.m. to 2 p.m. and 5 p.m. to 9 p.m. that day at Red Robin, 11784 West Broad Street, members of the two agencies will be working for tips as a donation to the Special Olympics. > Read more.

Participants sought for ‘Walk to End Alzheimer’s’


The Richmond Walk to End Alzheimer’s will be held Saturday, Nov. 4, at Markel Plaza in Innsbrook, and the Alzheimer's Association of Greater Richmond is seeking participants.

The event, one of three walks the association will hold in its service area this year (the Middle Peninsula-Northern Neck walk was held Oct. 7 and the Fredericksburg walk Oct. 14) raises money to help the association fight the disease, which affects more than 26,000 people in the metro Richmond region. > Read more.

Fairfield meeting Oct. 25 to focus on cybersecurity


Henrico County Board of Supervisors Vice Chairman and Fairfield District Supervisor Frank J. Thornton will hold a constituent meeting Wednesday, Oct. 25 to discuss cybersecurity.

Thornton also has invited candidates who will be seeking election to local offices on Tuesday, Nov. 7 to introduce themselves. > Read more.

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October 2017
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All ages are invited to gaze upon the night sky and learn about the fun hobby of amateur astronomy from 6:15 p.m. to 8:15 p.m. at Varina Library. Enjoy amazing views of the Moon and other celestial objects with high-quality telescopes operated by members of Richmond Astronomical Society. In case of cloudy weather, the rain date will be Oct. 24. This program is offered as part of the NASA @ My Library initiative. For details, call 501-1980 or visit http://www.henricolibrary.org. Full text

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