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Beazer Homes USA Company History Timeline

1985
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.
1986
In 1986, the company acquired Gifford-Hill, a construction materials company.
1987
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.
1988
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.
1989
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.
1991
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.
1993
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.
1995
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.
1996
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.
While demographic factors appeared to favor Beazer, economic factors could influence whether the households live in rental units, multifamily condominiums, or single family homes. Based on the company's 1996 activities, however, many of those households will be living in homes built by Beazer.
1997
In 1997, the company acquired the assets of Calton Homes of Florida for 16.7 million.
2002
In 2002, the company acquired Crossman Communities for 489.7 million in cash and stock.
2004
In 2004, the company acquired and started development on 242 home sites on Polk County, Florida.
2006
In 2006, the company acquired 86 town home sites in Seminole County, Florida.
2007
Allan P. Merrill is the current CEO. Allan joined Beazer in 2007 as the CFO.
2018
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.
Founded
1985
Company Founded
Headquarters
Atlanta, GA
Company Headquarter

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