Landsea Homes of Colorado LLC has purchased homebuilding assets from Richfield Homes LLC based in Denver, Colo.

The acquisition expands Landsea’s footprint into Colorado. Lisa Wiebelhaus became a co-owner of Richfield Homes in 2016 and will subsequently serve as Landsea’s Colorado division president. JTW Advisors acted as sell-side M&A advisor to Richfield Homes.

“The Colorado front range is the 7th largest single-family homebuilding market in the U.S. supported by strong job growth, an expanding population, and an appealing lifestyle,” comments Chris Jasinski, CEO and managing partner of JTW Advisors. “Richfield Homes’ healthy land position and quality, experienced team presented a golden opportunity for Landsea to enter the Denver market.”