The Denver Post reported that Oakwood Homes bought Centerville, Utah-based Henry Walker Homes for $75 million. In addition to building in northern and southern Utah, Henry Walker Homes has been building in Longmont, Firestone, Dacono and Windsor, Colorado.

Founder and CEO Pat Hamill observed that with Henry Walker's solid reputation in the Salt Lake City area, the deal will considerably expand Oakwood's presence there. "This opportunity allows us to leverage our strong capital foundation and our efficient building practices toward our vision of being the best homebuilder in America," Hamill said. 

Last year, Oakwood expanded into the Omaha, NE market and in May 2012, it bought 2,600 acres at the Banning Lewis Ranch in Colorado Springs for $16 million. Oakwood closed 436 homes last year and with this acquisition, expects to close 1,100 homes this year. Read more...

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