Merger establishes Fox & Roach as the #1 residential brokerage in the communities it serves in New Jersey
Strategic expansion extends Fox & Roach’s footprint into six new counties, solidifying the organization’s foothold in North and Central New Jersey
PHILADELPHIA, PA – HomeServices of America, one of the nation’s largest providers of brokerage and related services in the United States, today announced Berkshire Hathaway HomeServices New Jersey Properties merger into Berkshire Hathaway HomeServices Fox & Roach, REALTORS®. The merger of these two affiliates of HomeServices combines over 650 agents across 15 offices from New Jersey Properties into Fox & Roach, establishing the brokerage as number one in the state within the markets it serves and extending its footprint into North Jersey with offices in Morris, Hunterdon, Essex, Union, Middlesex and Somerset Counties as well as expanding its footprint in Monmouth county. The organizations will operate as Berkshire Hathaway HomeServices Fox & Roach, REALTORS®.
“New Jersey Properties’ footprint fits into ours like a puzzle piece, and we are thrilled to officially welcome them into the Fox & Roach family,” said Larry Flick V, chief executive officer, Berkshire Hathaway HomeServices Fox & Roach, REALTORS® and The Trident Group. “Together, we will be stronger than ever, providing our sales associates with unparalleled resources, added tools and cutting-edge technology to best support their clients in achieving the dream of homeownership.”
The combined brokerage is one of the largest providers of homeownership services in the country, with more than 5,000 sales professionals across more than 80 locations in Pennsylvania, New Jersey and Delaware. Through its affiliated services, the Trident Group and Prosperity Home Mortgage, LLC, the company provides one-stop shopping and facilitated services to its clients including mortgage financing, and title, property and casualty insurance.
“The real estate market has been dramatically shifting over the past several years, and as long-time brokerage leaders, we understand we need to grow and expand to thrive long-term,” said Chris Brown, chief executive officer & president, New Jersey Properties. “The decision to align ourselves with the brokerage that is consistently ranked number one in the entire Berkshire Hathaway HomeServices network will ensure we are well equipped to serve local homebuyers and sellers for many years to come.”
“New Jersey Properties and Fox & Roach have maintained a longstanding friendship over the years, and we look forward to taking an exciting step to be bigger and better together,” said Bill Keleher, founder and chairman, New Jersey Properties. “With strong leadership guided by our shared values of excellence, integrity and dependability, I’m confident I’m leaving the organization in excellent hands.”
“Backed by the strength and longevity of HomeServices, combined with Fox & Roach’s legacy of success, this decision will ensure our sales professionals have everything they need to succeed in an evolving marketplace, including new tools, robust services and advanced education and coaching to help them grow their businesses,” added Christy Casey, executive vice president, New Jersey Properties.
Larry Flick V will continue to serve as CEO of Fox & Roach, with the close support of Chris Brown, as Vice Chairman, to ensure a seamless transition. Fox & Roach’s organizational structure places an emphasis on localized, nimble leadership with the backing of a dominant, trusted brand by providing individual markets with tailored support and financial services. In alignment with Fox & Roach’s regional leadership structure, Executive Vice President Christine Casey will serve as the regional president for the new North and Central New Jersey markets.
“Combining these two great HomeServices’ companies brings together two great organizations that will be unmatched in their ability to serve the real estate needs of new and existing clients,” said Gino Blefari, CEO of HomeServices of America, the parent company to Berkshire Hathaway HomeServices Fox & Roach, Realtors® and New Jersey Properties. “Larry, his leadership team along with Chris, Bill and Christine share an uncompromising commitment to their agents, employees and customers and we look forward to supporting them as they take the company to the next chapter of growth and success.”
The announcement comes on the heels of several years of strategic growth for Fox & Roach, including the successful merger with Gloria Nilson & Co. in 2020, which added more than 700 sales professionals and more than 20 offices in New Jersey and Pennsylvania to the brokerage. In 2020, Fox & Roach also added more than 40 sales professionals to its Rumson, New Jersey, office, establishing Fox & Roach as the market leader in Monmouth County, following a successful merger with New Jersey Properties’ local office.
New Jersey Properties was founded as an independently owned and operated brokerage in 2001 but traces its roots back to 1954. A proud supporter of the Sunshine kids, New Jersey Properties has raised well over $2.5 million for the charity placing it in the top 5 companies for contributions over the past 2 decades. New Jersey Properties joined the Berkshire Hathaway HomeServices network in 2014, and has been consistently ranked among the nation’s top 100 brokers.
For more about HomeServices of America, please visit https://www.homeservices.com
About HomeServices of America
HomeServices of America, Inc., through its operating companies, is one of the nation’s largest residential real estate company and is the country’s premier provider of homeownership services, including brokerage, mortgage, franchising, settlement, property and casualty insurance, relocation services and more. HomeServices of America is the owner of the Berkshire Hathaway HomeServices network. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. For more about Berkshire Hathaway HomeServices Fox & Roach, REALTORS®, please visit https://www.foxroach.com/.
About Berkshire Hathaway HomeServices Fox & Roach, REALTORS®
Berkshire Hathaway HomeServices Fox & Roach, REALTORS® is part of HomeServices of America, the nation’s largest provider of total home services and largest residential brokerage company in the U.S. in sales, according to the 2022 REAL Trends 500 report. The company was named “Real Estate Agency Brand of the Year” and was recently awarded Top Workplaces in 2022. With over 5,000 sales professionals and more than 500 employees in more than 80 sales offices across the Tri-State area, the company was recently acknowledged as #1, for the eighth year in a row, in the entire national Berkshire Hathaway HomeServices Network. Through its affiliated services, the Trident Group and Prosperity Home Mortgage, LLC; the company provides one-stop shopping and facilitated services to its clients including mortgage financing, and title, property and casualty insurance. The company-sponsored charitable foundation, Fox & Roach/Trident Charities, is committed to addressing the needs of children and families in stressful life circumstances and has contributed over $8.6 million to more than 250 local organizations since its inception in 1995. Visit our Website at www.foxroach.com or for company information and news go to our Newsroom at www.foxroach.com/blog/newsroom.
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