Fathom acquires Arizona-based My Home Group

By Housing News


Fathom
Holdings
,
the
parent
company
of


Fathom
Realty
,
is
expanding
its
footprint
in

Arizona
.
The
firm
announced
Monday
that
it
had
acquired
Scottsdale-based

My
Home
Group
,
adding
more
than
2,200
agents
to
its
headcount.

The
financial
terms
of
the
deal
were
not
disclosed,
but
the
company
will
be
discussing
the
acquisition
on
its
third-quarter

earnings

call
on
Thursday,
according
to
its
announcement.

Due
to
the
brand
recognition
of
My
Home
Group,
Fathom
is
planning
on
retaining
the
firm’s
name.
Additionally,
co-founders
Jerome
Kleven
and
Mark
Hutchins
will
continue
to
oversee
the
daily
operations
of
the
firm.

“We
are
thrilled
to
welcome
My
Home
Group,
a
company
we’ve
long
respected,
to
the
Fathom
family,” Fathom
Holdings
CEO

Marco
Fregenal

said
in
a
statement.
“Jerome
and
Mark
share
our
vision
and
commitment
to
serving
and
empowering
agents,
making
this
partnership
a
natural
fit.

“Arizona’s
real
estate
market
presents
significant
opportunities,
and
My
Home
Group’s
agent-focused
approach
aligns
seamlessly
with
Fathom’s
culture.
This
acquisition
strengthens
our
Southwest
expansion,
amplifying
our
presence
in
key
markets
and
advancing
our
vision
of
sustainable,
nationwide
growth.”

Founded
in
2005,
My
Home
Group
has
been
recognized
on
the Inc.
5000
list
of
the
nation’s
fastest-growing
companies
for
seven
straight
years.
In
2023,
it
closed
13,225
transaction
sides
for
a
total
of
$5.919
billion
in
sales
volume.
That
was
good
for
the
No.
27
and
No.
29
spots,
respectively,
on
the


RealTrends
Verified


sides
and
volume
national
rankings
.

“Our
merger
with
Fathom
is
a
major
milestone
in
accelerating
business
development
for
our
agents
and
organization,”
Kleven
said.
“With
Fathom,
we’re
doubling
down
on
our
commitment
to
supporting
agents’
personal
and
professional
growth,
ensuring
they
have
the
resources
and
support
needed
for
a
sustainable,
successful
career.”

 

Leave a Reply

Your email address will not be published.