Thursday, November 3, 2016

Clayton Nabs Largest Homebuilder in Kansas City


sch.jpgClayton Properties, the site-built division of the Clayton home building group, purchased its third homebuilder in the past year, Summit Custom Homes of Kansas City, Mo. The Berkshire Hathaway subsidiary acquired all of the operating assets of Summit Custom Homes, which include approximately 1,200 lots in the Kansas City metro area.

Summit Custom Homes was founded in 2002 and it’s the largest homebuilder in Kansas City. The company has 54 team members that develop communities from the ground up.

“As we expand our site-built operations, acquiring companies like Summit Custom Homes, which is a leader in its market, is a crucial part of our strategy,” said Keith Holdbrooks, president of Clayton home building group, in a prepared statement.

Founded in 1956, Clayton recently sold its 500th site built home this past month. The company first entered the site-built business in the fall of 2015 with the acquisition of 81 lots in Atlanta. The Clayton home building group provides affordable homes, traditional site-built homes, modular homes, manufactured housing, college dormitories, military barracks and apartments. In 2015, Clayton built more than 34,000 homes.

No comments: