Mungo Homes, a Clayton Home Building Group builder, officially announced today the acquisition of four-decade-old regional builder McGuinn Homes. According to a media release issued by Mungo Homes, the acquisition will strengthen Mungo’s current market position while expanding its presence in key strategic areas such as Augusta, Ga. and Aiken, S.C.
“We’re excited to join the Mungo family and continue our commitment to the markets we impact,” said Wade McGuinn, founder and managing shareholder of McGuinn Homes.“Together, we’re well positioned to provide more attainable homeownership opportunities through a shared commitment to customer service and operational excellence.”
Describing the combination as built on a “platform of shared values,” Keith Holdbrooks, chief executive officer of Clayton Home Building Group stated, “This acquisition allows both teams to come together and expand access to affordable homes in more markets while serving as a united force for good through volunteerism.”…