D.R. Horton Acquires Braselton Homes' Homebuilding Operations

October 19, 2020

D.R. Horton, Inc. acquired the homebuilding operations of Braselton Homes in Corpus Christi, Texas, purchasing lots, homes-in-inventory and an active sales backlog for approximately $23 million in cash. The transaction includes ~95 lots, 90 homes in inventory, 125 homes in sales backlog and control of ~840 lots via purchase contracts; Braselton will operate as a separate division within D.R. Horton as the buyer expands its Texas footprint.

Buyers
D.R. Horton, Inc.
Targets
Braselton Homes
Sellers
Braselton Homes
Industry
Construction
Location
Texas, United States
Transaction Type
Buyout

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