A Tennessee-based homebuilding group has purchased Chafin Communities, located in Buford, in a deal that includes about 1,100 developed, undeveloped and contracted building lots.
A subsidiary of Warren Buffett’s Berkshire Hathaway Inc., Clayton homebuilding group will keep Chafin Communities founders and brothers Eric and Daryl Chafin in leadership roles, as well as the 24 people already employed there during the transition.
“This is a monumental achievement and a win-win for both groups,” Eric Chafin said. “We are excited to be a part of Clayton and to share in their culture and values. We are a family-owned business with great family values, and so is Clayton. The partnership makes sense.”
His brother agreed, adding that “there is a great upside in growth potential when you become part of something as big as the Clayton homebuilding group.”
Clayton has been in business since 1956. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures manufactured homes, modular homes and site built homes, as well as commercial and educational buildings.
“We are excited about this acquisition,” said Keith Holdbrooks, president of Clayton homebuilding group. “It means that we are expanding our home offerings to include all types of housing, so we will be answering more lifestyle needs for different types of families.”
Added Holdbrooks: “Chafin Communities has an excellent reputation and book of business in the North Atlanta area. Partnering with Eric and Daryl Chafin is a huge win for us. We are honored to be part of Chafin Homebuilders and extremely proud to have them on our team.”
Clayton is a vertically integrated Berkshire Hathaway company. A real estate brokerage network, Berkshire Hathaway is a joint venture of HomeServices of America Inc., the nation’s second-largest, full-service residential brokerage firm.