"With the long-term vision of founders Michael Maples and Gregg Nelson, and the financial support of Daiwa House, Trumark Homes has grown from a private California homebuilder with two divisions into a regional leader with five divisions and $1 Billion of revenue annually over the past 2 years."
"For Daiwa House, the acquisition of Seattle metro-based homebuilder JK Monarch will expand its presence into the Pacific Northwest, further extending its footprint across the U.S. housing market."
Trumark Homes, majority-owned by Japan's Daiwa House, announced the acquisition of Seattle-based homebuilder JK Monarch. This acquisition is part of a trend where Japanese firms are purchasing U.S. homebuilders. Recent acquisitions include Sumitomo Forestry's agreement to buy Tri Pointe Homes for $4.5 billion and Stanley Martin Homes' acquisition of United Homes Group for $221 million. Trumark Homes has grown significantly, expanding its divisions and revenue, and aims to enhance its presence in the Pacific Northwest through this acquisition.
Read at Fast Company
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