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La Rosa Holdings Acquires Puerto Rico Franchisee BF Prime
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La Rosa Holdings Acquires Puerto Rico Franchisee BF Prime
Aug 21, 2024 3:24 PM

09:35 AM EDT, 08/21/2024 (MT Newswires) -- La Rosa Holdings ( LRHC ) said Wednesday that it has acquired real estate brokerage franchisee BF Prime in Carolina, Puerto Rico.

The real estate company said the acquisition is part of its strategic expansion plan. Financial terms were not disclosed.

The company expects to reach an annualized revenue run rate of $100 million by the end of 2024, with profitability expected in 2025, Chief Executive Joe La Rosa said.

Shares of the company were down 3.8% in early trading Wednesday.

Price: 1.0100, Change: -0.04, Percent Change: -3.81

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