MHI acquires Austin builder Wilshire Homes

Houston-based McGuyer Homebuilders (MHI) has acquired the assets of Austin-based Wilshire Homes, giving MHI a stronger presence in the Austin and San Antonio markets. The new entity, called MHI Central Texas, has plans to build more than 600 homes annually throughout Texas by 2014, according to a Austin American-Statesman report.

Wilshire's founder and CEO, Ed Horne, will serve as senior vice president of the new company, which will use the Wilshire Homes brand name in Austin and San Antonio and current MHI brands (Coventry Homes and Plantation Homes) elsewhere.