September 2, 2014
Latter & Blum Inc./REALTORS Announces Second Merger in 2014
L to R: Bob Merrick, Sandy Brooks, Ron Brooks, Rick Haase
New Orleans, LA
– The largest real estate company in the Gulf South, LATTER & BLUM Inc. announced today that it has acquired Houma-based Patterson Real Estate Agency Inc. LATTER & BLUM’s residential operations include 30 offices and more than 1,400 Agents and is the largest brokerage in the Gulf South. Nationally, LATTER & BLUM Inc. is a Top 40 Real Estate brokerage and home services company with sales of over $2.92 billion in 2013. It is also one of the fastest-growing, Louisiana-based private companies. This is the second addition for the company in as many months.
“Our expansion into Lafayette in 2013, Lake Charles last month, and today’s entry into Houma-Thibodaux uniquely positions our company to benefit from the unprecedented industrial expansion underway in Louisiana,” stated Chairman & CEO Bob Merrick. “Tens of billions of dollars are being invested along Louisiana’s energy corridor from New Orleans to Texas,” added Merrick.
In the Houma-Thibodaux area, the resurgence in oil and gas industry has invigorated exploration in the Gulf of Mexico and is driving job growth. Professionals employed in the oil and gas industry currently earn nearly twice as much as the average Louisiana worker, creating more affluent home buyers and demand for higher priced homes.
“Our affiliation with LATTER & BLUM brings new technologies and business opportunities to our Agents and moves us forward in our mission of delivering superior client services,” stated co-owner, Ron Brooks. “We believe our association with a regionally-prominent company will better position our people for the anticipated growth in our market,” added Brooks.
“Throughout the years, both LATTER & BLUM and Patterson Real Estate have shared similar values,” commented Rick Haase, President of LATTER & BLUM Inc. “Our shared vision of providing excellent customer service allows us to work together to meet our clients’ expectations. Houma-Thibodaux has the second-fastest job growth rate in Louisiana. Industry experts project 20,000 new jobs over the next decade. Our tools, services, and support are going to create new business opportunities for our Agents,” added Haase.
LATTER & BLUM Inc., established in 1916, is the largest full-service real estate brokerage in the Gulf South and operates LATTER & BLUM Inc./REALTORS®, C.J. Brown REALTORS Inc., Van Eaton & Romero REALTORS, Noles Frye Realty (all four owned by Latter & Blum Inc.), while Latter & Blum Classic Homes & Properties, Latter & Blum Shaw Properties and Latter & Blum Hometown, operate under franchise agreements. All are networked nationally and globally as ERA Powered Companies. Additionally, LATTER & BLUM Inc. operates NAI Latter & Blum Commercial Real Estate, Latter & Blum Property Management, Latter & Blum Insurance Services, Platinum Title and Essential Mortgage Corporation.