Fathom Holdings Inc.

11/05/2024 | Press release | Distributed by Public on 11/05/2024 07:25

Fathom Holdings Soars in the Southwest with the Acquisition of Arizona-Based My Home Group

In an exciting move that propels Fathom Holdings, Inc. (Nasdaq: FTHM) to new heights, the company proudly announces its strategic acquisition of My Home Group, a powerhouse Arizona-based brokerage ranked 27th in the nation by transaction volume. With this acquisition, Fathom strengthens its presence in the dynamic Arizona market, expanding its agent network to an impressive 14,500 agents nationwide.

This new addition is a significant step forward for Fathom, aligning seamlessly with its mission to provide an integrated, technology-driven, end-to-end real estate experience. By welcoming My Home Group's exceptional team of 2,200 agents and their track record of around 12,000 annual transactions, Fathom reinforces its position in Arizona's flourishing real estate market.

Honoring Legacy and Building for the Future

Founded in 2005, My Home Group has established itself as a leader in Arizona, recognized for its collaborative and growth-centered culture. Known for its exceptional support for agents, the company has made the Inc. 500's list of fastest-growing companies for an impressive seven consecutive years. Recognizing the strength and value of the My Home Group brand, Fathom plans to retain its identity, with co-founders Jereme Kleven and Mark Hutchins continuing to lead daily operations.

"My Home Group has long been a company we admire for its commitment to fostering agent success," said Marco Fregenal, CEO of Fathom Holdings. "Jereme and Mark share our vision and commitment to serving and empowering agents, making this partnership a natural fit."

Expanding Reach in Arizona's Booming Real Estate Market

Arizona's real estate market, particularly in areas like Phoenix, is experiencing rapid growth driven by economic strength, an appealing lifestyle, and steady population increases. With this acquisition, Fathom is positioned to capitalize on these opportunities, enhancing its service offerings and agent support in one of the nation's most competitive regions.

"This partnership is a transformative step for My Home Group and our agents," shared Jereme Kleven, My Home Group's co-founder. "Fathom's aligns perfectly with our core values, empowering agents to expand rapidly and gain access to enhanced technology, a deeper leadership bench, and revenue sharing to significantly shorten their path to success."

A Platform for Success and Expansion

Beyond broadening its agent network, Fathom will leverage this partnership to introduce its mortgage and title services to My Home Group's extensive client base, creating a seamless, end-to-end transaction experience. With a vision centered on empowering agents and enhancing client satisfaction, Fathom's combined approach promises growth across all service platforms.

Mark Hutchins, co-founder of My Home Group, emphasized the unique opportunity this acquisition brings. "Joining the Fathom family gives us the scale to drive deeper growth in Arizona and the Southwest. We'd trust no other company to take our vision to the next level. We've always championed culture, collaboration, and community, and this merger lets us collaborate and grow with the best to reach new heights."

Join Us in Celebrating This Milestone

As Fathom Holdings continues its journey of sustainable growth and nationwide expansion, this acquisition marks a monumental step in its vision to create a robust, integrated network serving agents, clients, and communities alike. With My Home Group now part of the Fathom family, we're excited to see both companies flourish together, creating greater opportunities and empowering agents at every turn.

For those interested in hearing more about this incredible new chapter, Fathom will discuss further details about the acquisition during its upcoming quarterly conference call on Thursday, November 7, at 5 p.m. Eastern Time. This is an exciting moment not only for Fathom and My Home Group but for the entire real estate industry as they unite forces to build a brighter future for agents and clients alike.

Let's celebrate the expansion and shared vision that makes this partnership a perfect fit-together, we're ready to make waves in Arizona and beyond!
Review the full press release HERE.