Case Studies

Indiana Homebuilder
January 2025

  • Specializing in new home construction in vibrant communities, as well as custom “on your lot” construction, Davis is one of the largest privately-held builders in Indiana’s highly competitive housing market

    Based in Indianapolis, Davis Homes is led by third-generation builder Brad Davis, with more than 25,000 homes built across Indiana by the Davis Companies

    Serves the entry-level to move-up price points

    Mandate: Sell-side advisor

  • Extensive due diligence of the Company’s history, market position, strategic plans, and capital needs

    Worked closely with the management team to articulate long-term goals and host investor meetings

    Executed a highly efficient “rifle shot” process tailored to finding the ideal partner

    Structured and negotiated the letter of intent, managed the closing due diligence process, and led negotiations for the definitive agreements

  • In January 2025, Defy Investments acquired a majority position of Davis Homes, forming a long-term partnership with President Brad Davis

  • GlobeNewswire: Defy Investments Acquires Davis Homes

    BUILDER: Defy Investments Buys Davis Homes in Indianapolis

    The Builder’s Daily: Inside the Deal: Defy Investments’ Acquisition of Davis Homes

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