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Clayton Properties Group Acquires Austin-Based Brohn Homes

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Clayton Properties Group Acquires Austin-Based Brohn Homes

April 9, 2018
home building news_Clayton Properties Group acquires Brohn Homes
Photo: Unsplash/Steve Halama

On April 9, 2018, Berkshire Hathaway home builder Clayton Properties Group, based in Maryville, Tennessee, announced its acquisition of Brohn Homes, a private home builder located in Austin, Texas. Brohn Homes was founded in 2003 as a custom home building firm by co-presidents and brothers Adam and Aaron Boenig, and pivoted into production building in 2008 following the housing crisis.

Keith Holdbrooks, president of Clayton Home Building Group, said in a statement, “Brohn Homes immediately impressed us with their creativity and variety of homes ... The culture at Brohn Homes is a true testament to their emphasis on team member engagement and experience. We are a people company at Clayton, and Brohn Homes’ culture aligns with our steadfast commitment to team member experience.” Holdbrooks cited Brohn Homes' 2017 launch of an affordable housing line, Waterloo Homes, as an example of the builder's innovation and vision.

Brohn's co-presidents, Adam and Aaron Boenig, said in the press announcement that they are anticipating continued growth by joining Clayton Homes. “Adam and I were looking for a partner whose business philosophy focused on its people and culture first,” said Aaron Boenig. “When we met Clayton’s leadership team, we instantly realized that our philosophies and company structures align seamlessly. We knew that this partnership was something our team members could get excited about.” 

In 2017, Brohn Homes started 254 homes, sold 270, and closed 253 homes in 12 communities. In 2018, the company anticipates selling 400 homes in 13 communities. Clayton has been expanding its site-built portfolio since entering the market in 2015, acquiring a number of home building companies, including Oakwood Homes in Colorado, Goodall Homes in Tennessee, and Summit Homes in Missouri.

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