Case Studies

Tech-Enabled, Florida-Based Shell Contractor
Sell-Side Advisor
September 2024

  • Founded in 2006 ODC Construction is one of the nation’s largest shell contractors

    Based in Orlando, the Company serves homebuilder clients across Florida, with recent expansion into the Carolinas

    The Company developed a proprietary ERM system in 2013, bringing efficiency and sophistication to the construction supply chain by offering a logistics-based solution to its homebuilder clients

    Amid massive growth, the Company reached a pivotal point as it contemplated rapid expansion of its model across the Southeast and into new service lines. We were mandated to represent the owners on their sale of the business 

  • Invested time to deeply understand and appreciate the Company’s unique technology and operating model

    Created a crisp but comprehensive investor presentation highlighting the Company’s unique market position and growth potential

    Engaged a diverse range of potential buyers, including private equity groups, domestic strategic buyers, and international housing companies 

    Carefully managed the closing due diligence process, including numerous meetings between the eventual buyer and the management team, to close in an efficient manner well ahead of the buyer’s initial closing timeline

  • In August 2024, Synergos Companies, a subsidiary of Asahi Kasei, acquired 100% of ODC Construction

  • Asahi Kasei Homes: Asahi Kasei Homes acquires ODC Construction

    PR Newswire: Synergos Companies Expands into Florida with Acquisition of ODC Construction

    World Construction Network: Asahi Kasei Homes acquires US-based ODC Construction

Houston Homebuilder
July 2024

  • Founded in 2008, Anglia Homes is a top 20 builder in Houston, Texas

    Specializing in entry-level and first move-up homes, Anglia serves the largest buyer pool in the second largest homebuilding market in the country

    Privately owned, 100% by its three founding partners

    Ranked the 118th largest U.S. homebuilder by Builder Magazine in the 2024 Builder 100 list

    Mandate: Sell-side advisor

  • Led a comprehensive sell-side M&A process, with careful investment positioning highlighted in a crisp investor presentation

    Contacted a diverse group of potential buyers, including several international groups; Anglia’s owners ultimately selected a domestic strategic buyer, fulfilling their goals of stepping away from the business while the management team and employees received offers to continue their positions post-close

    Actively managed the closing due diligence process to reduce workload on management team and ensure a timely close, including coordination of numerous advisors and third parties 

  • In July 2024, Century Communities (NYSE: CCS) acquired 100% of Anglia Homes

  • Century Communities: Century Communities, Inc. - Century Communities More Than Doubles Houston Community Count and Becomes Top 5 Houston Builder With Anglia Homes Acquisition

    Builder Magazine: Century Communities Grows Houston Portfolio With Acquisition of Anglia Homes

Land Developer
May 2024

  • Founded in 2017, Prestige Corporate Development is a leading land development and site works company based in Charlotte, NC

    The Company is primarily focused on the single-family housing market, with over 8,000 residential lots in its land pipeline and more than 2,500 lots where site work development is actively underway

    Prestige controls the entire land development process, from sourcing land through entitlement and development, to delivering finished lots to homebuilders

    Privately owned by its founder

    Mandate: Sell-side advisor

  • Whelan Advisory was among a group of advisors that pitched the Company in the summer of 2022, and was not selected by management to lead the transaction. After an unsuccessful effort which yielded no appealing offers, the Company’s founder came back to Whelan Advisory asking we represent them on another bid to sell

    Refined extensive DCF and business projection models to help clearly articulate and quantify the investment opportunity

    Contacted a diverse group of potential buyers, including private builders, public builders, private equity investors, Asian investors, and REITs

    Solicited several attractive offers, negotiated most favorable terms for seller before entering into an exclusivity period

    Managed transaction due diligence, negotiation, and successfully structured the deal in a tax advantageous manner which was required for this high-net-worth client

  • In May 2024, Stanley Martin Holdings, a subsidiary of Japan-based Daiwa House, acquired 100% of Prestige Corporate Development

  • Daiwa House: Enhancing Acquisition of Land for Single-family House Projects in Charlotte, North Carolina