Empire Communities Expands with SouthCraft Acquisition
Deal News | Feb 07, 2025 | Globenewswire
Empire Communities, one of North America's largest privately-held homebuilders, has announced the acquisition of Charlotte-based SouthCraft Home Builders. This strategic move bolsters Empire's presence in the southeastern United States, particularly in the Charlotte market, and enhances its ability to serve a more diverse range of homebuyers. SouthCraft is known for its focus on providing quality homes for value-driven buyers, and the acquisition will allow Empire to reinforce its commitment to delivering thoughtfully designed homes across thriving communities. This acquisition is part of Empire's broader strategy to scale their operations in markets with substantial demand and growth potential. The acquisition is supported by the strategic guidance of Builder Advisor Group, LLC, which acted as the exclusive financial advisor to SouthCraft. Empire has a rich legacy, having built over 36,000 homes over more than 30 years, with plans for significant future growth.
Sectors
- Real Estate Development
- Construction
- Financial Advisory Services
Geography
- United States – The acquisition involves Empire Communities expanding their operations in the US, specifically the southeastern region, including North Carolina.
- Canada – Empire Communities is headquartered in Vaughan, Ontario, Canada, making the expansion of their operations in the US relevant to Canadian corporate activities.
Industry
- Real Estate Development – The article discusses the expansion of Empire Communities through the acquisition of SouthCraft Home Builders, a significant development in the real estate sector, particularly involving residential properties.
- Construction – With Empire Communities and SouthCraft Home Builders both being homebuilders, the construction industry is directly relevant to the operations and strategic growth described in the article.
- Financial Advisory Services – The involvement of Builder Advisor Group, LLC as a financial advisor to SouthCraft highlights the role of financial advisory services in facilitating M&A transactions in the real estate and construction sectors.
Financials
- $15.5 Billion – Total value of housing sales by Empire Communities since its inception.
- 27,000 – Number of potential future homesites in Empire's strategic land position for planning, development, and construction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Empire Communities | Acquiring Company | Company | One of North America's largest privately-held homebuilders expanding its presence in the southeastern US through acquisition. |
| SouthCraft Home Builders | Target Company | Company | A Charlotte-based homebuilder focused on value-driven homebuyers, acquired by Empire Communities. |
| Builder Advisor Group, LLC | Financial Advisor | Company | Served as the exclusive financial advisor to SouthCraft during the acquisition process. |