Houston Homebuilder Expands Reach with Strategic Acquisition
HOUSTON – Perry Homes, a leading privately held homebuilder in the United States, has announced a significant expansion by acquiring MasterCraft Builder Group, a prominent builder based in the Jacksonville, Florida area. The acquisition marks a strategic move for Perry Homes as it seeks to broaden its footprint in Florida’s competitive housing market.
What Happened
The acquisition was officially disclosed today, highlighting Perry Homes’ desire to welcome MasterCraft Builder Group into its organization. Todd Chachere, the Chief Executive Officer of Perry Homes, expressed his excitement regarding the deal, stating, “We are excited to welcome MasterCraft Builder Group to the Perry Homes family as both organizations’ values closely align.” Chachere emphasized that the partnership not only accelerates Perry Homes’ growth in Florida but also pays homage to MasterCraft’s solid reputation in the industry.
Why This Matters
Chris Shee, the Owner and CEO of MasterCraft Builder Group, reflected on the emotional nature of the sale, stating, “Selling MasterCraft Builder Group was a deeply personal decision.” He, along with his brother Brad, founded the company and entrusted its future to Perry Homes, ensuring that their commitment to quality, design, and superior customer service would continue under the new leadership. The decision aims to preserve the values that have been intrinsic to the MasterCraft brand since its inception in 2011.
Background on Participating Companies
Perry Homes holds the title of the largest woman-owned homebuilder in the nation and boasts a remarkable tradition in quality homebuilding that spans over 57 years. Under the leadership of Kathy Perry Britton, the company has served over 65,000 customers, securing an impressive 95% satisfaction rating. Perry Homes is recognized for its diverse array of home designs, featuring over 475 options equipped with modern and elegant features that cater to a range of lifestyles.
MasterCraft Builder Group has also built a reputable name for itself in Northeast Florida, recognized for its strong commitment to craftsmanship and customer care. Since its establishment, it has delivered homes that are tailored to meet the specific needs of homeowners in the Jacksonville area.
The Deal’s Financial Backing
The Builder Advisor Group, LLC acted as the exclusive financial advisor during this acquisition, ensuring that the transition would align with the goals and values of both parties. The merger is expected to create synergies that enhance the services and products available to prospective homeowners, fortifying both companies’ positions in the housing market.
Future Outlook
As both companies gear up to work together, they anticipate combining their strengths to better serve the market. Perry Homes, currently expanding operations in over 120 communities across Texas and now Florida, aims to infuse MasterCraft’s local expertise into its broader strategy. This integration is projected to enhance their offerings, maintain high quality standards, and innovate customer service in the homebuying process.
In conclusion, the acquisition of MasterCraft Builder Group by Perry Homes represents a strategic alliance that nurtures growth opportunities while upholding shared values of quality and customer satisfaction. With the merger, both companies are poised to make a significant impact in the residential construction landscape, particularly in the flourishing state of Florida.
