Goodall Homes, a subsidiary of Berkshire Hathaway company Clayton Properties Group—No. 8 on the 2021 Builder 100—has acquired Legacy Homes of Alabama—No. 147 on the 2021 Builder Next 100. Zelman & Associates served as the sell-side financial adviser for the transaction.
Legacy Homes, founded in 2013, is the largest private builder in Huntsville, Alabama, according to the builder. The company has built over 1,500 homes since 2013 and is on track to complete 400 new homes in 2021. Its four principals—Jeff Korotky, Mark Hunter, Shawn Fairburn, and Dan Nash—have over 100 years’ combined experience in the home building industry.
“We are elated to welcome the Legacy Homes team to the Goodall Homes family with open arms,” says president Bob Goodall. “Our combined dedication to quality and customer care will provide wonderful new home options for the dynamic and thriving city of Huntsville.”
Legacy Homes will maintain its brand under the Goodall Homes and Berkshire Hathaway umbrellas, and the leadership team will retain their positions, including Korotky as division president and leader.
According to the combined company, the Legacy Homes acquisition will enable Goodall Homes to expand into the Huntsville market with a ready supply of proven market-specific design and strategies. Joining Goodall will also allow Legacy Homes to continue to develop and expand in the Greater Huntsville area, and provide long-term growth and stability for the division’s team members as Huntsville’s employment base grows.
“The Legacy Homes team is thrilled to be a part of the Goodall family and looks forward to continuing our commitment to excellence with a group that values culture, character, and integrity, and makes customer experience a top priority,” says Korotky.