An acquisition by Fayetteville-based home builder Rausch Coleman Homes will double its footprint in the nation’s fifth-largest metro. In July, Rausch Coleman closed a deal to acquire family-owned GreenEco Builders, based in the Houston suburb of Katy, Texas.
Financial terms of the deal were not disclosed.
With the addition of the GreenEco assets, Rausch Coleman’s footprint in the Houston metro is 19 communities, with home prices starting in the $170,000 price range. The expansion increases Rausch Coleman’s operations to more than 90 active new-home communities in Arkansas, Oklahoma, Kansas, Missouri, Texas and Alabama.
“We welcome GreenEco Builders to the Rausch Coleman family,” chairman and CEO John Rausch said in a statement. “Their well-established building operations make GreenEco a great fit for Rausch Coleman as we broaden our market presence in Houston.”
Builder Magazine ranked Rausch Coleman No. 36 on its Top 100 list of U.S. builders for 2018, based on the number of closings from the previous year. Rausch Coleman had 1,711 closings in 2017, according to Builder, with gross revenue of $293 million.