At a recent press conference this Ann Arbor, Mich., Howard W. “Hoddy” Hanna, III, Chairman and CEO of Howard Hanna Real Estate Services announced that his company has acquired Edward Surovell REALTORS®. Surovell is one of the largest real estate companies in Michigan and was No. 1 in homes sold last year in Southeastern Michigan.
As Surovell joins Howard Hanna Real Estate Services, it becomes part of the 4th largest real estate company in the United States and the No. 1 home seller in Pennsylvania and Ohio, with almost $6 billion in volume and 34,292 transaction sides last year. The company was founded in 1957 by Howard and Anne Hanna with one office in Oakland/Shadyside; three generations of the family are involved in the company today with home bases in Pittsburgh and Cleveland and 144 offices across the states of Pennsylvania, Ohio, New York, West Virginia and now Michigan.
Hoddy Hanna said his family has known the family-owned Surovell REALTORS® for more than 20 years. “Surovell’s superb culture, along with the quality of their agents, management team and business, mix well with our family-owned company,” said Hanna.
Surovell’s owner, President and CEO, Ed Surovell, stated that over the course of a year, as he examined the needs of his company and sales associates and staff, the decision was made to seek a business relationship with an established super-regional firm that would broaden the company’s opportunities while also strengthening their core real estate sales, property management and title insurance businesses.
“We chose to join forces with the Hanna Company,” said Surovell, “as it models our own company, in that both are family owned and operated with an emphasis on professional excellence, full-time sales associates and a full line of real estate related services. I’ve known the Hanna family for many years and our close relationship will allow for an easy transformation from out three decades of growth as Edward Surovell Realtors to our next stage as Howard Hanna REALTORS®.”