Mattamy Homes Finalizes Purchase of Royal Oaks

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Dec 11, 2017, 09:48 ET

TORONTO, Dec. 11, 2017 /PRNewswire/ - Mattamy Homes, North America's largest privately owned homebuilder, is pleased to announce the formal closing of its agreement to purchase the Royal Oaks Building Group, the largest privately owned builder in the Raleigh-Durham, North Carolina, area and the fifth-largest builder overall in the market.

"We're pleased to be able to formally welcome the talented and experienced Royal Oaks team to the Mattamy family, and look forward to working with them to leverage our combined strengths," says Peter Gilgan, Founder & CEO of Mattamy. "This acquisition is another example of Mattamy's continuing commitment to being a major presence in the US, and of the company's confidence in the future of housing in Raleigh-Durham."

The integration process involving systems, policies and procedures has been ongoing, and the goal remains to have the integration complete by mid-2018.

About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with a nearly 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of home ownership. In the United States, the company is represented in nine markets – Charlotte, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.