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Beazer Homes acquiring Atlanta competitor

For the past 12 months, Venture Homes generated $69.9 million of home building revenue from 277 closings.

BY HBSDealer Staff

Beazer Homes USA, Inc. is acquiring Venture Homes, a leading private homebuilder in Atlanta, Ga., for approximately $65 million.

Founded in 1984, Venture Homes has built more than 6,000 homes since its inception. For the past 12 months, Venture Homes generated $69.9 million of homebuilding revenue from 277 closings with an average selling price of $252,200.

Assets being acquired by Beazer include more than 1,000 lots in 9 active communities and 18 future communities, principally serving first time and first move-up homebuyers. The transaction also includes substantial construction work in process as well as 51 homes in backlog.

On a combined basis, Beazer and Venture have closed nearly 500 homes in Atlanta over the past 12 months, which ranks among the top 10 builders in the market.

“This acquisition allows us to accelerate our growth in Atlanta, a highly desirable market supported by robust job growth, solid affordability and favorable supply dynamics,” Allan Merrill, president and CEO of Beazer Homes, said in a prepared statement. “In addition to adding new and future communities, we are pleased to welcome our new colleagues who will enable us to pursue further growth in the Atlanta market in the years ahead.”

With Venture on board, Beazer said it expects Homebuilding revenue of $507.0 million for the third quarter 2018, provided by 1,391 home closings and an average selling price of $364.5 thousand

Based in Atlanta, Beazer Homes is one of the nation’s largest single-family home builders with operations in Arizona,California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia

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Simpson Strong-Tie, Build Change renew engineering fellowship

The fellowship is open to licensed civil and structural engineers with a minimum of 8 years of professional experience in structural engineering

BY HBSDealer Staff

Build Change and Simpson Strong-Tie have renewed the Simpson Strong-Tie Fellowship for Engineering Excellence program.

This is the second year of the fellowship, allowing innovative engineers the opportunity to provide contributions to Build Change programs as well as support other engineers’ professional development in developing nations around the world.

“We are very pleased to renew the Fellowship for Engineering Excellence with Build Change. With the positive impact to developing areas in Indonesia, Colombia and the Philippines where our first fellow worked, we’re looking forward to the Fellowship contributing even more to safer and stronger design and construction methods,” said Simpson Strong-Tie Vice President of Engineering Jeremy Gilstrap.

The Fellowship is open to licensed civil and structural engineers with a minimum of 8 years of professional experience in structural engineering. Applicants should have experience working on earthquake- and wind-resistant design and construction of buildings, and on existing building seismic and structural evaluation and retrofit according to recognized standards, such as the IBC, ASCE 7, ASCE 41, and others.

Candidates should be willing to travel to, live, and work in emerging countries in Latin America and the Caribbean, and South and Southeast Asia for a period of one year beginning Sept. 1, 2018 and concluding Aug. 31, 2019.

James Mwangi, the 2017-2018 fellow noted, “The Fellowship offered me the opportunity to share my previous experience by working face to face with not only the Build Change technical teams, but also with local engineers in each country, to promote capacity building.”

Applications will be accepted through July 16. Applicants can find more information about the program at Build Change.

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New pro utility knives from Fiskars

Fiskars introduces a collection of CarbonMax Utility Blades that are tougher and safer for use.

BY HBSDealer Staff

Fiskars has introduced a new lineup of knives for pros that the manufacturer promises to be sharper, smarter, and durable.

The CarbonMax Utility Blade stays sharp 24-times longer than standard blades, according to Fiskars, and features added blade security. Accidental blade release is prevented by and improved locking system, audio and visual locking cues, and smarter button placement. Tabs help ensure blade won’t pull out when twisted.

The lineup also includes improved ergonomics such as multiple grips that provide control regardless of the blade’s position and a Softgrip with strategic texturizing to enhance comfort. Additionally, full-body metal construction and reinforced ends resist pounding and drops.

The lineup includes Fiskars pro utility knives, a folding utility knife, a fixed utility knife, drywallers utility knife, painter’s utility knife, and a snap-off utility knife, among others.

 

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