A company controlled by billionaire investor Warren Buffett announced today it has acquired Fresno-based brokerage firm Guarantee Real Estate. The terms of the deal were not released.
Guarantee will now be a division of Minneapolis-based Home Services of America, Inc., which is affiliated with Buffet's firm Berkshire Hathaway.
Guarantee was one of Central California's largest real estate brokerage firms, with over 400 employees in 13 offices. In 2011, the company handled transactions for over 3,700 units, totaling over $600 million.