Beazer Homes Company History Timeline
Beazer PLC entered the United States housing market in 1985 with the purchase of Cohn Communities, an Atlanta-based homebuilder.
Beazer Homes USA was established in 1985 when Beazer, a British home construction company led by Brian Beazer, acquired Cohn Communities, an Atlanta-based home construction company.
In 1986, the company acquired Gifford-Hill, a construction materials company.
The company began its United States expansion in 1987, buying two more established regional homebuilders.
1987 Beazer purchases Squire Homes, North and South Carolina, and Phillips Builders, Tennessee.
As explained in the June 20, 1988 issue of Business Week, Shearson had initiated the bid, financed it, and become an equity partner.
In 1988, it acquired Koppers in a hostile takeover.
In 1989, those operations generated more than 50 percent of Beazer's operating profits, and held more than 75 percent of the company's assets.
In 1991, housing starts in the United States fell to a historic low of 1.01 million units.
By 1991, debt at Beazer PLC has reached $1.7 billion with $3.4 billion in revenue.
In 1991, the British parent company was acquired by Hanson.
In November 1993, the two subsidiaries were combined and incorporated as Beazer Homes USA, in anticipation of going public.
In part because of the acquisitions and expansions, total sales for 1993 increased to $340 million, with 3,163 housing starts and over 2,000 closings.
At the end of the company's 1995 fiscal year (September 30, 1995), total revenue was $647.8 million.
Squires Homes continued to grow in the Carolinas, expanding from Charleston, South Carolina, to Columbia, and, in 1995, to Myrtle Beach.
Beazer Homes maintained a conservative financial structure as sales fluctuated in 1995.
In 1996, Beazer Homes operated in nine states, six of which--Arizona, California, Florida, Nevada, North Carolina, and Texas--led the country in housing starts.
Between 1990 and 1995, when about 1.13 million new households were formed each year, it was the 45-to-54 age group--those at the beginning of the Baby Boom generation--who had the greatest household growth. Based on the company's 1996 activities, however, many of those households will be living in homes built by Beazer.
In 1997, the company acquired the assets of Calton Homes of Florida for $16.7 million.
In 2002, the company acquired Crossman Communities for $489.7 million in cash and stock.
In 2004, the company acquired and started development on 242 home sites on Polk County, Florida.
In 2006, the company acquired 86 town home sites in Seminole County, Florida.
Allan P. Merrill is the current CEO. Allan joined Beazer in 2007 as the CFO.
In 2018, Beazer Homes announced it has entered into an agreement to acquire Venture Homes, a leading private homebuilder in Atlanta, for approximately $65 million.
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Beazer Homes Similar Companies
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| KB Home | 1957 | $5.7B | 2,140 | 34 |
| Meritage Homes | 1985 | $3.1B | 1,570 | 114 |
| Tri Pointe Group | 2009 | $4.0B | 6,182 | 44 |
| Quanta Services | 1997 | $13.0B | 40,000 | 22 |
| Kiewit | 1884 | $10.3B | 28,000 | 2,303 |
| Parsons | 1944 | $3.7B | 17,000 | 1,063 |
| Guy Evans, Inc. | 1978 | $6.0M | 30 | - |
| D.R. Horton | 1978 | $30.9B | 7,735 | 560 |
| Lennar | 1954 | $27.1B | 9,111 | 214 |
| K. Hovnanian Homes | 1959 | $2.0B | 1,851 | - |
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Beazer Homes may also be known as or be related to Beazer Homes, Beazer Homes USA, Beazer Homes USA Inc and Beazer Homes USA, Inc.