(BRK.A), (BRK.B)
Berkshire Hathaway’s Clayton Homes has once again expanded its footprint in the site-built homes market with the acquisition of a site-building company in Huntsville, Alabama.
In June, Clayton’s Goodall Homes, a major site-builder in Nashville, Tennessee, acquired Legacy Homes, the largest private homebuilder in the Huntsville market, including Huntsville, Athens, New Market, Meridianville, and Monrovia.
Legacy Homes is constructing over 400 homes in 2021, and has built over 1,500 homes since the company’s founding in 2013.
The addition of Legacy Homes will allow Goodall Homes to continue to expand its new home footprint in North Alabama.
The current Legacy Homes leadership team will retain their roles within the company, with Jeff Korotky continuing in the role of division president.
Combined, the four principals of Legacy Homes – Korotky, Mark Hunter, Shawn Fairburn and Dan Nash – have more than 100 years of experience in the home building industry.
“The Legacy Homes team is thrilled to be a part of the Goodall family and looks forward to continuing our commitment to excellence with a group that values culture, character and integrity, and makes customer experience a top priority,” Jeff Korotky said.
Legacy Homes is the twelfth site-builder that Clayton Homes has acquired since it first started adding site-builders in 2016.
Acquired by Berkshire Hathaway in 2003 for $1.7 billion, Clayton Homes has grown into a diverse builder offering traditional site-built homes, modular homes, manufactured homes, tiny homes, college dormitories, military barracks and apartments.
© 2021 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 is no guarantee of future results.