CUPERTINO, CA—HomeServices of America, Inc., a Berkshire Hathaway affiliate, has acquired Intero Real Estate Services, one of Silicon Valley's largest and fastest growing residential real estate brokerage firms, and Intero Franchise Services, its affiliated franchise network. Terms were not disclosed.

Headquartered in Cupertino, Intero serves Northern California in 13 offices throughout the San Mateo, Santa Clara and San Benito counties. Since 2007, Intero Real Estate Services has consistently ranked in the top 5 market share in Silicon Valley, based on volume and in 2013, closed nearly 7,300 units and $5.7 billion of volume. The Intero franchise network, which is comprised of nearly 50 affiliates located in Alabama, Arizona, California, Colorado, Nevada, Tennessee and Texas, generated more than $1.5 billion in sales volume in 2013. Intero Real Estate Services and the Intero franchise will each retain their name and existing branding without change or interruption.

Founded in 2002, Intero has experienced rapid year-over-year growth and is best known for its innovative approach through its technology platform and its unwavering commitment to providing their agents and clients with the highest level of customer service, expertise and resources. Gino Blefari, president and CEO, is among real estate's most recognized and influential leaders, known for his industry expertise, vision and leadership. Blefari, together with the executive management team of Robert Moles, Tom Tognoli, and John Thompson will continue to lead Intero's strategic planning and growth initiatives as well as manage the day-to-day operations along with their sales management teams.