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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