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D.R. Horton boosts Atlanta operations with acquisition

Sep. 06, 2016 7:15 AM ETD.R. Horton, Inc. (DHI) StockBy: Stephen Alpher, SA News Editor
  • Wilson Parker Homes operates in Atlanta and Augusta, Georgia, along with Raleigh, NC, Columbia, SC, and Phoenix.
  • D.R. Horton (NYSE:DHI) purchased for undisclosed terms, adding 490 lots, 390 homes in inventory, and 300 homes in sales order backlog (most of which are from the Atlanta operation).
  • The company also acquired control of about 1,850 lots through options contracts.
  • Wilson Parker closed 906 homes in the 12 months ended this June for $201M in revenue. The deal brings DHI's market share in Atlanta to above 20% this year.

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