Wathen Castanos Hybrid Homes, Inc., has announced its acquisition of Mangano Homes, Inc., a home builder located in the Coastal and Central Valley regions of California.
“Wathen Castanos will assume our Central Valley operations, grow the Central Coast operation, and allow me to concentrate on project development and longer range efforts," said owner Andy Mangano in a release. "This transaction has been in the workings for about seven months and will include the retention of all employees, continued growth in opportunities for them, and a continuation and improvement of the values for which Mangano Homes and Wathen Castanos are known. Our customers, trade partners, vendors, and employees will not see a break in service or quality.”
Wathen Castanos, based in Fresno, has received five national awards for top quality, energy conservation, and innovation, including the National Housing Quality Award, Energy Value Housing Award, and the Energy Star Leadership Award.
“We have grown from a small family homebuilding company to a top-performing group of committed employees building over 200 homes per year in the Central Valley and on the Central Coast. Our project in Paso Robles was very well received and sold out within a very short time," said principal Kevin Castanos. "Building homes in [San Luis Obispo] has always been a dream for Rich and I, and we are proud to contribute and synergize the quality and talents of the blended Mangano Homes and Wathen Castanos teams to meet the community’s expectations, and to continue a legacy of exceeding customer satisfaction.”
Mangano Homes, based in San Luis Obispo, has built the Bowden Ranch, Marsh Street Commons, and Serra Meadows projects in San Luis Obispo, and the Grace Lane project in Arroyo Grande, as well as numerous residential communities in the Central Valley. Wathen Castanos Hybrid Homes constructs about 200 homes each year and has developed the Vintage at Montebello Oaks project in Paso Robles, as well as numerous projects in Visalia, Clovis, and Fresno.
Rich Wathen of Wathen Castanos said: “We have been friends with Andy Mangano for over 30 years, as well as friendly competitors, and we have the upmost respect for his operation. We want to build on the success he has obtained here on the Central Coast. Our continued expansion on the Central Coast will grow our company, with a commitment to customer satisfaction and service."
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