BAG has advised on several of the largest and most complex transactions in the industry
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Our dedicated team has advised on more builder M&A transactions than any other advisor. The Builder Advisor Group team has solved some of the most complex capital raising assignments including project and corporate-level debt and equity, preferred equity, mezzanine debt, and more.
January 2022
Orlando, FL
Hanover Family Builders Acquired by Landsea Homes
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.
September 2021
Myrtle Beach, SC
Realstar Homes Acquired by Lennar Corporation
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.
September 2021
Texas
McGuyer Homebuilders Acquired by Dream Finders Homes
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.
September 2021
Orlando, FL
Avex Homes Acquired by Stanley Martin
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.
July 2021
Austin, TX
Buffington Homes Acquired by LGI Homes
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.
May 2021
St Louis, MO
Payne Family Homes Acquired by Fischer Homes
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.
April 2021
Melbourne, FL
Vintage Estate Homes Acquired by Landsea Homes
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.
February 2021
Charlotte, NC
Shea Homes – North Carolina Acquired by Empire Communities
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.
February 2021
Prescott, AZ
Dorn Homes Acquired by American Southern Homes
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.
We have successfully completed more builder capital raising transactions than any other advisor.
We have raised more than $10 billion in corporate and project-level equity capital for builders and developers.
We have raised in excess of $5 billion in corporate-level and project-level debt capital for our clients
- December 2022BAG Announces Completion of $250mm Financing for a Builder
- September 2021Dream Finders Homes’ $150M Convertible Preferred Stock
- August 2021Century Communities $500M Unsecured Senior Notes
- June 2021LGI Homes’ $300M Unsecured Senior Notes
- May 2021LGI Homes’ $850M Syndicated Credit Facility
- January 2021Dream Finders Homes’ $450M Unsecured Revolving Credit Facility
- January 2021Dream Finders Homes’ $125M Initial Public Offering
- July 2018LGI Homes’ $300M Senior Notes
- 2007 – 2018Metro Development’s $200M Capital Raise in five separate transactions
- October 2017Hayden Homes’ $50M Equity Raise
- March 2017 & 2015LGI Homes’ $25M and $30M At-the-Money Follow-On Equity Offerings
- June 2016Liberty Home Builders’ Mezzanine Debt Raise
- June 2015Empire Communities’ Second Lien Term Loan
- November 2014LGI Homes’ $85M Convertible Notes Offering
- October 2014UCP’s $75M Senior Notes
- June 2014Century Communities’ $103M Initial Public Offering
- November 2013LGI Homes’ $114M Initial Public Offering
- September 2013Carlyle Group’s $75M Equity Investment into Edward Andrews Homes
- 2012Johnson Development’s $300M Joint Venture with Tricon Capital to purchase Camp Strake, Fulshear Farms, and Cross Creek Ranch