The Builder Advisor Group team has solved many complex capital-raising assignments, including project and corporate-level debt and equity, preferred equity, mezzanine debt, and more.

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Mergers & Acquisitions
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Homebuilding
M&A Transactions

Since 1996

Landmark Homes of Tennessee Acquired by Century Communities

January 2024 | Nashville, TN

Century Communities has expanded their presence in Tennessee by acquiring Nashville-based Landmark Homes of Tennessee. This strategic transaction serves to fortify Century’s presence in the Nashville market with development veterans Gary and Nick Wisniewski who have been delivering high-quality homes to families in Tennessee for over 30 years. BAG worked closely with Gary & Nick to identify an acquirer that would continue to deliver on their mission of making homeownership achievable. Gary & Nick will serve as long-term partners with Century by sourcing and delivering lots.

ASGi Homes Acquired by D.R. Horton

November 2023 | Houston, TX

D.R. Horton acquired Houston-based ASGi Homes in a transaction that will expand the company’s affordable home offerings and bolster an already robust pipeline of future lots. ASGi owners entered into a strategic relationship with D.R. Horton to deliver thousands of entry-level homesites in the North Houston market over the next several years. Builder Advisor Group worked closely with ASGi to establish a beneficial long-term partnership with D.R. Horton. We are very honored to work with Bill and Colleen Ellison on this transaction as they have created a company bringing the American dream to so many that wouldn’t have otherwise had the opportunity.

Southern Impression Homes Acquired by Gehan Homes

January 2023 | Jacksonville, FL

Builder Advisor Group was the sell-side advisor to Florida-based Southern Impression Homes on their sale of 80% interest to Gehan Homes (a wholly owned subsidiary of Sumitomo Forestry). This transaction expands Gehan’s operating footprint into Florida and marks the company’s entry into the build-to-rent space. The acquisition will provide Southern Impression Homes access to Gehan’s capital, while eliminating the owner’s personal loan guarantees. These attributes, combined with their regional expertise, investor relationships, and distinct product offerings, will help accelerate Southern Impression’s growth and expansion.

Hanover Family Builders Acquired by Landsea Homes

August 2023 | Orlando, FL

Landsea Homes Corporation announced today the completion of its acquisition of Hanover Family Builders (HFB), an Orlando-based homebuilder for a purchase price of $179.3 million, subject to certain post-closing adjustments plus the assumption of debt of approximately $69.3 million, which was refinanced with the Company’s unsecured revolving credit facility. In 2021, Hanover closed 632 homes at an average selling price of $328,323 and ended the year with more than 4,100 lots under control, 469 homes in backlog worth more than $200 million and 18 active communities.

Realstar Homes Acquired by Lennar Corporation

September 2021 | Myrtle Beach, SC

Lennar Corporation expands land pipeline in the Coastal Carolinas through strategic acquisition of privately-held Realstar Homes. The Realstar acquisition adds 10 active selling communities to Lennar’s presence in the surrounding Myrtle Beach and Hilton Head markets. BAG served as Realstar’s exclusive advisor in the transaction.

McGuyer Homebuilders Acquired by Dream Finders Homes

September 2021 | Texas

Dream Finders Homes expands footprint in the major Texas markets through acquisition of MHI / McGuyer Homebuilders. The acquisition gives Dream Finders Homes a meaningful stake in 4 of the 6 largest homebuilding markets in the U.S. and nearly doubles the company’s combined community count to over 220 active selling communities. BAG served as the exclusive advisor in the transaction.

Avex Homes Acquired by Stanley Martin

September 2021 | Orlando, FL

Daiwa-House subsidiary and ‘2021 Builder of the Year’ recipient, Stanley Martin Homes enters Florida through a strategic acquisition of Orlando-based Avex Homes. The acquisition allows Stanley Martin to secure an incredible pipeline of lots in the greater Orlando market and bring in a team of highly experienced Florida operators. BAG served as exclusive sell-side advisor to Avex Homes in the transaction.

Buffington Homes Acquired by LGI Homes

July 2021 | Austin, TX

LGI Homes strengthens their Texas division with the addition of Buffington Homes. Buffington Homes is one of Austin’s largest privately-held builders. The acquisition bolsters LGI’s land position in the high-growth market and adds invaluable management experience and team members to the growing division. BAG served as exclusive advisor to Buffington Homes in the transaction.

Payne Family Homes Acquired by Fischer Homes

May 2021 | St Louis, MO

Fischer Homes acquires Payne Family Homes in a transaction that expands Fischer’s impressive market presence in the Midwest. The acquisition allows Fischer to secure a meaningful pipeline of land in the St. Louis market. Builder Advisor Group served as exclusive sell-side advisor to Payne Family Homes in the deal.

Vintage Estate Homes Acquired by Landsea Homes

April 2021 | Melbourne, FL

California-based Landsea Homes expands into high-growth markets of Florida and Texas through their acquisition of Vintage Estate Homes. Vintage Estate Homes is an innovate builder with a long-established presence in the Orlando, Palm Bay, and Melbourne markets of Florida as well as Austin and San Antonio markets of Texas. Landsea’s acquisition allows them to bring on a veteran management team to operate and grow the company in these new geographies. BAG served as exclusive advisor to Vintage Estate Homes in the transaction.

Shea Homes – North Carolina Acquired by Empire Communities

February 2021 | Charlotte, NC

Canadian-based Empire Communities acquires Shea Homes – North Carolina to expand its growing U.S. presence to include Charlotte, one of the fastest-growing cities in America. Empire intends to retain the management team and existing employees to operate and grow the business within North Carolina. BAG served as exclusive sell-side advisor to Shea Homes – North Carolina. Shea Homes – North Carolina is not affiliated with the CA-based national homebuilder Shea Homes Limited Partnership.

Dorn Homes Acquired by American Southern Homes

February 2021 | Prescott, AZ

American Southern Homes completes its third acquisition through purchase of Arizona builder, Dorn Homes. The transaction brings on an experienced management team and over 2,400 lots in the greater Prescott, AZ market. Builder Advisor Group served as buy-side advisor to American Southern Homes in the acquisition.

All Mergers & Acquisitions

2024
Landmark Homes of Tennessee acquired by Sekisui House

2023
ASGi Homes acquired by D.R. Horton

Southern Impression Homes acquired by Gehan Homes

2022
Chesmar Homes acquired by Sekisui House

Hannover Family Builders acquired by Landsea Homes

2021
McGuinn Homes Completes Recapitalization

Realstar Homes acquired by Lennar

MHI / McGuyer Homebuilders acquired by Dream Finders Homes

Avex Homes aquired by Stanley Martin Homes

Buffington Homes acquired by LGI Homes

KenRoe, Inc. acquired by LGI Homes

Payne Family Homes acquired by Fischer Homes

Vintage Estate Homes acquired by Landsea Homes

Dorn Homes acquired by American Southern Homes

Shea Homes acquired by Empire Communities

Wonderland Homes acquired by Sumitomo Forestry/Gehan

Dilworth Development acquired by Harris Doyle Homes

2020
Sun Homes acquired by Toll Brothers, Inc.

2019
Grayhawk Homes acquired by American Southern Homes

American West Homes acquired by PulteGroup

Edward Andrews Homes acquired by Empire Communities

Armadillo Homes acquired by View Homes

Dan Ryan Builders* acquired by Sumitomo Forestry

2018
Dunhill Homes acquired by Tri Pointe Homes

Etco Homes acquired by Lennar Corp.

Wynn Homes acquired by LGI Homes

Venture Homes acquired by Beazer

Arbor Homes acquired by Clayton Homes

Wade Jurney Homes* acquired by Century Communities

Mark III Properties acquired by Sumitomo Forestry

Brohn Homes acquired by Clayton Homes

2017
Bill Clark Homes acquired by Beazer

Sundquist Homes acquired by Century Communities

UCP acquired by Century Communities

Oakpointe Communities acquired by CalAtlantic

Kokes Family Home Builders acquired by Lennar Corp.

2016
Wade Jurney Homes acquired by Century Communities

Century Communities acquired by Wade Jurney Homes

Hovnanian Raleigh acquired by Lennar Corp.

Dan Ryan Builders acquired by Sumitomo Forestry

2015
Jack Fisher Homes acquired by LGI Homes

Bonterra Builders acquired by AV Homes

2014
Oakmont Homebuilders acquired by LGI Homes

Johnson Development acquired by Tricon Capital Group

Citizens Homes, Inc. acquired by UCP, Inc.

Royal Oak Homes acquired by AV Homes

2013
GTIS Partners acquired by LGI Homes

Regent Homes acquired by DR Horton

Miller & Smith acquired by Sekisui House

2012
Trend Homes acquired by Ryland Group, Inc.

2011
T.W. Lewis Companys acquired by David Weekley Homes

Wilshire Homes acquired by McGuyer Homebuilders, Inc.

TriStone Homes acquired by M/I Homes, Inc.

2008
Standard Pacific acquired by Matlin Patterson

2006
Palomar Builders, Inc. acquired by Premier Homes Properties, Inc.

John Landon Equity Interest

2005
First Home Builders of Florida acquired by Hovnanian Enterprises Inc.

Obra Homes (San Antonio Division) acquired by Sivage Homes & Communities

Transeastern Properties acquired by Technical Olympic USA Inc.

Advantage Homes acquired by Standard Pacific Corp.

Probuilt Homes acquired by Standard Pacific Corp.

Town & Country Homes Inc. acquired by Hovnanian Enterprises Inc.

Cambridge Homes acquired by Wilshire Homes Hovnanian Enterprises Inc.

2004
Peachtree Residential Property Inc. acquired by Orleans Homebuilders Inc.

Realen Homes LP acquired by Orleans Homebuilders Inc.

Spectrum Communities acquired by WCI Communities Inc.

Bowden Building Corp. acquired by Levitt Corp.

Capital Raising
$ 1 +
Billion in Equity

We have raised more than $10 billion in corporate and project-level equity capital for builders and developers.

$ 1 +
Billion in Secured & Unsecured Debt

We have raised in excess of $5 billion in corporate-level and project-level debt capital for our clients

December 2022
BAG Announces Completion of $250mm Financing for a Builder

September 2021
Dream Finders Homes’ $150M Convertible Preferred Stock

August 2021
Century Communities $500M Unsecured Senior Notes

June 2021
LGI Homes’ $300M Unsecured Senior Notes

May 2021
LGI Homes’ $850M Syndicated Credit Facility

January 2021
Dream Finders Homes’ $450M Unsecured Revolving Credit Facility

January 2021
Dream Finders Homes’ $125M Initial Public Offering

July 2018
LGI Homes’ $300M Senior Notes

2007 – 2018
Metro Development’s $200M Capital Raise in five separate transactions

October 2017
Hayden Homes’ $50M Equity Raise

March 2017 & 2015
LGI Homes’ $25M and $30M At-the-Money Follow-On Equity Offerings

June 2016
Liberty Home Builders’ Mezzanine Debt Raise

June 2015
Empire Communities’ Second Lien Term Loan

November 2014
LGI Homes’ $85M Convertible Notes Offering

October 2014
UCP’s $75M Senior Notes

June 2014
Century Communities’ $103M Initial Public Offering

November 2013
LGI Homes’ $114M Initial Public Offering

September 2013
Carlyle Group’s $75M Equity Investment into Edward Andrews Homes

2012
Johnson Development’s $300M Joint Venture with Tricon Capital to purchase Camp Strake, Fulshear Farms, and Cross Creek Ranch