MHProNews has learned from builderonline that manufactured housing giant Clayton Homes has acquired Goodall Homes of Gallatin, Tenn. as it increases its mark on the site-built home industry, having purchased site home builder Chafin Communities of Georgia last fall.

Goodall has been building single-family homes, townhomes and condominiums since 1990, and the acquisition will add 3,600 lots and 180 homes under construction in a five-county area of middle Tenn. Expecting to close on 440 homes this year, Goodall had revenues just below $140 million last year.

As MHProNews reported Nov. 2, 2015, Clayton paid $50 million for Chafin and agreed to keep all 25 employees. Similarly, Clayton agreed to maintain the workforce of Goodall Homes. Owner and President Bob Goodall, Jr. said, “This acquisition will help our employees, trades, suppliers and our families continue on this path of growth for years to come. We are honored to be on the Clayton team and to contribute to the continued success of Berkshire Hathaway.”

Last year Clayton built 34,000 homes. ##

(Image credit: Goodall Homes)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.