Lennar, a home builder, has acquired Executive Construction Homes. The transaction will enable Lennar to expand into the Columbia, S.C. market and allow Lennar to purchase Executive Construction Homes’ land pipeline totaling more than 3,300 lots.
Owners of Executive Construction Homes will still be involved in the business and will continue to sell lots to Lennar through their land development companies.
Eddie Yandle, founder and owner of Executive Construction Homes said, “As a rapidly growing company that is passionate about the communities we service, we are excited to further expand our presence and continue building the highest quality homes we’re known for under the Lennar banner.”
JTW Advisors, an investment bank focused on the residential building industry, acted as sell-side M&A advisor to Executive construction Homes LLC.