Date
Sep 2022
Region
Texas
We are pleased to announce the sale of our client, TTARP Investments, Inc. (dba Pratt Homes) to a Private Investor. The transaction closed September 15, 2022.
Located in Tyler, Texas, Pratt Homes is an independent modular, manufactured, and park model dealership. With hundreds of floorplans and customizations to choose from, Pratt Homes offers a wide variety of homes that can suit any budget or taste.
The homes are factory engineered and prefabricated. Customers can customize and order their custom home or purchase one from the sales center. The Company handles everything from beginning to end. Pratt Homes is one of few in the industry that has an in-house Finance Department with an on-site experienced and licensed mortgage loan originator.
In addition, its Construction Department will arrange the delivery, set up, and on-site trim out to complete the building process, as well as septic, electricity, concrete foundations, garages, carports, driveways, etc. The Service Department promptly addresses and resolves any emergency warranty needs after the customer has moved into their home.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Senior Managing Director, M&A, Cory Strickland, with the support of Vice President M&A and Digital Marketing, Vanessa Christian, successfully closed the deal. Senior Managing Director, James Carr, established the original relationship with Pratt Homes.
“I was delighted to have the opportunity to represent the most prestigious dealer/builder of modular homes in the country,” said Strickland.
He added, “Set well above the competition, I knew it would be a challenge to find someone to fill the owner, Lynn Pratt’s shoes; however, this acquisition fits nicely into the strategy being implemented by the buyer. I know that with the buyer’s leadership, the legacy of Pratt homes’ reputation as the best in the business will continue well into the future.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication M&A Deals page.
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