Koenig & Strey to Merge with Prudential

CHICAGO—Officials from HomeServices of America, Inc., a Berkshire Hathaway affiliate, said late yesterday that the company had acquired Chicago-based Prudential Rubloff Properties and its subsidiaries Rubloff Insurance and Sterling Title Services LLC. Furthermore, HomeServices of America will merge the new acquisitions with Chicago-based brokerage Koenig & Strey Real Living Real Estate, which it acquired in September 2009. Each will retain their names until the combined company debuts in the spring as Berkshire Hathaway HomeServices KoenigRubloff Realty Group. Terms were not disclosed.

Prudential Rubloff has more than 860 sales associates and professional staff in the metro area, making it one of the largest brokers in the Chicago area. Through Rubloff Insurance and Sterling Title Services LLC., the company also provides title insurance and escrow services, and property and casualty insurance. In 2012, it had nearly $2.2 billion in sales volume.