Lennar will expand its portfolio into the Columbia, South Carolina, market with the purchase of Executive Construction Homes' finished lots and land pipeline totaling more than 3,300 lots.

For Eddie Yandle, owner and founder of Executive Construction Homes, the Lennar transaction marks the next step in the evolution of the company he launched in 1989. Yandle and his family will remain involved in the business and will continue selling finished lots to Lennar through their related-party land development companies.

"As a rapidly growing company that is passionate about the communities we serve, we are excited to further expand our presence and continue building the high-quality homes we're known for under the Lennar banner," says Yandle. "Lennar is one of the biggest, most-trusted names in the industry, and we have always had immense respect and admiration for their work. We are proud to now be a part of their team and have the addition of their resources to meet the growing demands of home buyers coming to our area."

JTW Advisors served as the sell-side advisor to Executive Construction Homes in the sale to Lennar. This is JTW's second mergers and acquisitions deal in less than three months. The company most recently advised Breland Homes on its sale to Lennar in the Huntsville, Alabama, and Pensacola, Florida, markets.

Chris Jasinski, CEO and managing partner of JTW Advisors, views the transaction between Lennar and Executive Construction Homes as further proof of the current strength in the home building mergers and acquisitions market.

"This acquisition is further evidence of the continued consolidation of the home builder market and, particularly, the trend of larger home builders expanding into secondary markets to serve a broader customer base and increase their overall market share," says Jasinski. "This is just the tip of the iceberg as private home builders increasingly have to compete with public and foreign builders for land, trade partners, employees, and capital, so we anticipate seeing much more activity like this in 2022 and beyond."