Northern Colorado home builder View Homes recently acquired San Antonio home builder Armadillo Homes, expanding its territory in Texas and New Mexico.
View Homes founder, owner and chief executive officer Randy O'Leary said in a statement, "We felt expansion was necessary to limit risk, as one market slows another will excel," adding, "Our size helps with purchasing power, as we are able to make better buys with major suppliers, which then, we are able to pass those savings onto the customer." The business deal brings View's total payroll to 290 employees, USA Today's Coloradoan reports.
O'Leary, an El Paso native, incorporated his company in 1991. It did remodeling and landscaping until he got enough money to build his first two homes in 1995. In 2018, View Homes sold 1,078 homes, according to O'Leary.
"Randy (O'Leary) is not set in his ways. He's always looking to improve his company. That's why he's been so successful," said Dean Inniss, president and chief operating officer of Rocky Mountain Mortgage, which gave Desert View its first home construction loan.
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