Two of Omaha's biggest real estate brokerage companies announced Friday that they will merge, affirming a dominant market share in the area's residential housing market.
Berkshire Hathaway HomeServices Ambassador Real Estate and CBSHome Real Estate said their union is expected to become official early next year.
The combined companies intend to operate as Berkshire Hathaway HomeServices Ambassador Real Estate.
Both companies are wholly-owned subsidiaries of HomeServices of America, Inc., a Berkshire Hathaway affiliate. HomeServices describes itself as the country's second-largest residential real estate brokerage company. It owns Berkshire Hathaway HomeServices and Real Living Real Estate franchise networks.
The merger announcement comes a few months after BHHS Ambassador, then independently owned, was acquired by HomeServices of America Inc.
Vince Leisey, who will become the chief executive officer of the merged team, said it made sense for branding and culture to combine the two companies now that they share the same owner.
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"At the end of the day, it creates more synergies and a bigger, greater brand awareness," he said.
Together, the merged team will have more than 1,000 real estate professionals that serve residential and commercial clients in the Omaha, Lincoln, Council Bluffs and Fremont areas.
In 2017, the two closed a total of nearly $3.3 billion in sales volume. BHHS Ambassador currently has the No. 1 market share, and CBSHome is second.
Ron Peltier, chairman and CEO of Homeservices of America, said the combined force reinforces HomeServices' "commitment to continued growth in the Omaha market."
Scott Vogt, current head of CBSHome, will take on the role of chief operating officer of the merged company.
"Bringing these two companies together creates a tremendous amount of growth potential," Vogt said. "I am looking forward to driving these opportunities in my new role within the company."
Said Leisey: "We are combining two great organizations, each with immensely talented agents, sales managers and employees and a shared commitment to delivering an exceptional real estate experience into a company that will be unmatched in their ability to serve the real estate needs of new and existing clients."
Berkshire Hathaway Inc. owns the Omaha World-Herald.