A. Lee Graham
Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.
Financial terms of the transaction were not disclosed.
Williams Trew, founded in 2000 by Martha Williams, Joan Trew and Marshall Boyd, will continue to be branded and conduct business under the name Williams Trew, an Ebby Halliday Real Estate company, and will continue to operate out of its current Fort Worth locations, the companies said in a joint news release.
Williams and Trew will continue in leadership roles with the company, with Boyd guiding the transition before pursuing other existing business opportunities outside the company.
“Timing is everything, and the timing of this move meets current market needs and positions our company to better serve current and future residents of Fort Worth,” said Mary Frances Burleson, president and CEO of the Ebby Halliday Companies. “This acquisition brings together two like-minded companies with many years of residential real estate experience.”
“We are pleased to join Ebby Halliday and believe this move significantly strengthens our leading position in the Fort Worth marketplace,” added Martha Williams.
The acquisition is effective immediately and Williams Trew will no longer will be affiliated with Sotheby’s International Realty, the companies’ press release said.
The Ebby Halliday Companies includes Dave Perry-Miller Real Estate, affiliated mortgage, insurance and title companies, and about 1,600 associates covering over 12,000 square miles of North Texas. It participated in more than 19,500 real estate transactions in 2013 with a sales volume of more than $6.4 billion. The Ebby Halliday Companies’ 13.5 percent share of the North Texas real estate market led all competitors, the nearest of which garnered 4.03 percent.
Williams Trew Real Estate has more than 80 agents providing homebuyers and sellers with experience in residential, farm and ranch, lake or urban properties in the greater Fort Worth area.