American Southern Homes Acquires Columbus, GA based Grayhawk Homes

American Southern Homes ("ASH"), the McLean, Va.-based holding company announced it has acquired the assets of Columbus, GA-based Grayhawk Homes, for an undisclosed amount. Grayhawk--which is the Columbus, GA-MSA's biggest builder by volume, operates as well in Phenix City, AL , Ft. Benning, GA, Des Moines, Iowa, and most recently has expanded to the northwest Atlanta-Lake Acworth area, as well as Bluffton and Charleston, SC markets.

Per Builder 100 data based on 2018 housing activity, Grayhawk generated revenue of $76 million, on 258 home deliveries.

About 30 months ago, American Southern picked up Huntsville, Ala.-based Stoneridge Homes, unveiling a strategic plan to grow its way via acquisition of privately-run home building operators, into an NVR-like mega-regional powerhouse. The blend of Stoneridge with the Grayhawk operation, according to company reports, will tally up to $100 million in 2020 revenue on unit volume of about 360 home deliveries; a total owned and controlled land pipeline of 2,000 lots comprises the American Southern land assets.