Latter & Blum Inc. has expanded yet again with the announcement that they have closed on the acquisition of Lake Charles real estate firm ERA Moffett Realty Inc.
Chairman and CEO Bob Merrick stated in a news release that both companies “have a long tradition of serving the real estate needs of the energy sector.” The financial terms of the deal were not disclosed.
Latter & Blum is coming off the heels of their best year ever, where they earned a record $97 million in revenue.
The merger increases the size of Latter and Blum’s residential operations to 29 offices with more than 1,400 agents across the Gulf South region. ERA Moffett lists 41 active agents.
The acquisition is Latter & Blum’s third in south Louisiana in the past two years. In 2012, the company acquired Lafayette-based Van Eaton & Romero Realtors and M.A. Allen Realty of Denham Springs.
Check Out South Market District’s Proposed “Parklet” [PICS] Next Post:
New Renderings for South Market District Hotel