A company that has built more than 13,000 homes in central Indiana since 1994 has been acquired. Financial terms for the Clayton Properties Group deal for Indianapolis-based Arbor Homes are not being disclosed. The new owner is a division of Tennessee-based Clayton Home Building Group, a Berkshire Hathaway affiliate.
Arbor Homes is billed as the largest home builder in Indianapolis. The company says it closed on nearly 1,000 homes last year and it expects to close on a total of 1,200 homes by the end of this year. President Curtis Rector, who founded Arbor Homes, says "joining Clayton gives us the platform to continue this journey on an even greater scale. We are excited about this partnership and the future of Arbor and Silverthorne Homes." Silverthorne Homes is Arbor Homes' sister company that was founded 14 years ago.
Clayton Home Building Group President Keith Holdbrooks says "we immediately recognized their level of expertise and commitment to building high-quality, affordable housing. With a current average home sales price of $199,000, Arbor Homes fits a niche price point between our off-site and on-site builders—we're excited about the potential opportunities to shape the future of affordable housing."
Clayton Properties Group has made a total of seven home builder acquisitions since it launched in the mid-1950s and now has a presence in Alabama, Colorado, Georgia, Indiana, Kansas, Missouri, Tennessee, Texas and Utah.
By Tom Hart Indianapolis Region Operations Vice President, Messer Construction
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The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...
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Indianapolis-based Dickinson Fleet Services is expanding its truck maintenance reach with the purchase of A1 Diesel Service of Hendersonville, Tennessee. Dickinson says this is its ninth acquisition since 2017 and the third in 2019.
A metal forming startup is seeking to use a facility in Bristol that has been empty since 2017 for a major manufacturing operation. The Elkhart Truth reports Brinco will invest $52 million in the project and add 250 jobs.