(BRK.A), (BRK.B)
Berkshire Hathaway’s manufactured home builder, Clayton Homes, has done a bolt-on acquisition.
Clayton Homes, the number one builder of manufactured homes, has acquired Goodall Homes, a builder of new single-family homes, townhomes and condominiums since 1983.
The Gallatin, Tennessee-based company is headed by Bob Goodall Jr., a graduate of Lambuth University, and a licensed real estate broker, residential contractor and commercial contractor since 1983.
The move continues to expand the Clayton Homes presence in the site-built home business. The company acquired Atlanta-area builder Chafin Communities in the fall 0f 2015.
According to the company, Goodall Homes has built thousands of new Single Family Homes, Townhomes, Courtyard Cottages, Condominiums, and Villas in the Nashville area. They have developed many residential neighborhoods in many Middle Tennessee locations.
The acquisition of Goodall Homes includes approximately 3,600 lots and 180 homes under construction in a five-county area in Middle Tennessee.
Goodall Homes closed 436 homes in 2015.
© 2016 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance