Mattamy Homes, Toronto, North America’s largest privately owned home builder, on Monday announced the formal closing of its agreement to purchase the Royal Oaks Building Group, the largest privately owned builder in the Raleigh-Durham, North Carolina, area and the fifth-largest builder overall in the market.
“We’re pleased to be able to formally welcome the talented and experienced Royal Oaks team to the Mattamy family, and look forward to working with them to leverage our combined strengths,” said Peter Gilgan, founder & CEO of Mattamy. “This acquisition is another example of Mattamy’s continuing commitment to being a major presence in the US, and of the company’s confidence in the future of housing in Raleigh-Durham.”
The integration process involving systems, policies and procedures has been ongoing, and the goal remains to have the integration complete by mid-2018.
