D.R. Horton Acquires Riggins Custom Homes' Homebuilding Operations

December 15, 2022

D.R. Horton, Inc. acquired the homebuilding operations and related assets of Riggins Custom Homes in Fayetteville, Arkansas, including ~3,000 lots, 170 homes in inventory and 173 homes in sales order backlog. The transaction is expected to be approximately $107 million in cash and will combine Riggins' operations with D.R. Horton's Northwest Arkansas platform to expand the company's local market presence.

Buyers
D.R. Horton, Inc.
Targets
Riggins Custom Homes
Sellers
Riggins Custom Homes and related entities
Industry
Construction
Location
Arkansas, United States
Transaction Type
Divestiture

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