In an uncommon type of deal, Barratt American's management team on August 30 acquired the company from its British-based parent corporation, Barratt Developments PLC, the top home builder in the United Kingdom, for $165 million. Barratt American, a private company now, will continue to expand in Southern California with divisions in San Diego, the Inland Empire, and one dedicated to urban development. The company posted revenues of $305 million with 702 closings in fiscal year 2004.
Learn more about markets featured in this article: Los Angeles, CA.
