Friday, July 7, 2017

Buffet Strikes Again - Clayton Homes acquires Oakwood Homes

Clayton Properties Group, a division of Clayton, a Berkshire Hathaway company and one of America’s largest homebuilders, announced Thursday it acquired custom home builder Oakwood Homes of Colorado and Utah effective July 3.


Oakwood is Colorado’s largest privately held homebuilder and community developer.

The purchase includes the approximately 18,000 lots it owns and controls.

This represents the fourth homebuilding acquisition for Alcoa-based Clayton, which owns homebuilding companies in Missouri, Tennessee and Georgia.

“Oakwood Homes has an impressive history of homebuilding innovation, and practices a relentless commitment to quality and service for its customer base,” said Keith Holdbrooks, president of Clayton home building group.

“Oakwood’s self-sustaining operating model, company culture and core values align well with Clayton’s, which is paramount when we acquire a company. We look forward to working together with Oakwood to improve the homebuyer experience while providing greater cost-saving opportunities for homebuyers.”

Founded in 1991 by CEO Pat Hamill, Oakwood Homes builds modern, distinct communities throughout Colorado and Utah that are recognized for their innovative designs, energy efficient homes and highly customizable building processes, according to a news release.

The company sold 1,200 homes in 2016 alone, which represents a 20 percent increase from 2015. Oakwood Homes differentiates itself through its commitment to both customer and team-member experiences.

“After more than two decades of building beautifully functional new homes in Colorado and Utah as a privately held company, we are excited to join forces with Clayton,” said Hamill. “This partnership is part of our strategic vision to continue our steady growth and to provide a very high standard of customer service for our loyal consumers, all while keeping our existing leadership team.”

Clayton entered the site-built industry in 2015 through its Clayton Properties division in order to provide industry-leading homebuilding solutions and improve the experience of modern-day homebuyers. Since 2015, Clayton has increased its homebuilder portfolio by acquiring like-minded, innovative companies in strong growth markets, such as Summit Homes in Kansas City, Goodall Homes in Gallatin and Chafin Communities in Atlanta.

Founded in 1956, Clayton offers traditional site-built homes, modular homes, manufactured housing, tiny homes, college dormitories, military barracks and apartments.

In 2016, Clayton built more than 42,000 homes. Clayton is a Berkshire Hathaway company.

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