M&A Deal Summary

D.R. Horton Acquires Classic Builders - Homebuilding Operations

On December 4, 2018, D.R. Horton acquired construction company Classic Builders - Homebuilding Operations from Classic Builders for 60M USD

Acquisition Highlights
  • This is D.R. Horton’s 7th transaction in the Construction sector.
  • This is D.R. Horton’s 6th largest (disclosed) transaction.
  • This is D.R. Horton’s 7th transaction in the United States.
  • This is D.R. Horton’s 1st transaction in Iowa.

M&A Deal Summary
Date 2018-12-04
Target Classic Builders - Homebuilding Operations
Sector Construction
Buyer(s) D.R. Horton
Sellers(s) Classic Builders
Deal Type Divestiture
Deal Value 60M USD

Target

Classic Builders - Homebuilding Operations

Ankeny, Iowa, United States
Classic Builders - Homebuilding Operations is a provider of custom home builder.

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Buyer(S) 1

Buyer

D.R. Horton

Arlington, Texas, United States

website

Category Company
Founded 1978
Sector Construction
Employees11,788
Revenue 33.5B USD (2022)
DESCRIPTION
D.R. Horton's corporate headquarters in Fort Worth, Texas.
D.R. Horton's corporate headquarters in Fort Worth, Texas.

D.R. Horton is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States. D.R. Horton was incorporated in 1978 and is based in Arlington, Texas.

DEAL STATS #
Overall 7 of 11
Sector (Construction) 7 of 10
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 7 of 11
Year (2018) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Wilson Parker Homes

Lithonia, Georgia, United States

Wilson Parker Homes is a regional homebuilder with operations in Atlanta and Augusta, Georgia; Raleigh, North Carolina; Columbia, South Carolina and Phoenix, Arizona. Wilson Parker Homes is based in Lithonia, Georgia.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Terramor Homes

Raleigh, North Carolina, United States

Terramor Homes is a top ten homebuilder by volume in Raleigh, North Carolina in calendar 2017 as reported by Builder magazine. The homebuilding assets acquired include approximately 305 lots, 156 homes in inventory and 63 homes in sales order backlog.

Buy -

Seller(S) 1

SELLER

Classic Builders

Ankeny, Iowa, United States

website

Category Company
Sector Construction
DESCRIPTION

Classic Builders is a custom home design and new home construction builder. Classic Builders is based in Ankeny, Iowa.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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