The Latter & Blum, Inc. acquisition spree continued this week with the acquisition of Houston-based Realty Associates, which has more than 1,700 agents in the greater Houston metro area. The acquisition more than doubles the size of the firm to 3,200 agents with expected revenues of $4.5 billion.
Latter & Blum has been on a tear over the last several years, buying firms in Lake Charles, another one in Lake Charles, Houma to become the 33rd biggest real estate firm in the nation.
“Our expansion into Houston provides our company access to the second largest market in the United States,” Latter & Blum chairman and CEO Robert Merrick stated in a press release . “There is a lot of synergy between Houston and our current operations in Louisiana and Mississippi. This move will make Latter & Blum the best-positioned company to serve the real estate needs of the oil and gas industry across the Gulf Coast.”
The 12th merger in six years now gives the company 30 offices around the southeast.