April 25, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Oakwood Homes Acquires Henry Walker Homes

Press Release

April 25, 2014

Centerville — Denver-based Oakwood Homes has acquired the assets of Henry Walker Homes for upwards of $75 million.

Värde Partners and Mountain Real Estate Capital provided the funding for the transaction. Oakwood Homes and Henry Walker Homes began discussions in September 2013 and completed the transaction April 23.

Henry Walker Homes currently operates in Northern Colorado and Northern and Southern Utah. Oakwood Homes currently operates in the Colorado Front Range, including the Denver metro area and Colorado Springs; Omaha, Nebraska; and Northern Utah. This acquisition will mark the expansion of Oakwood Homes into Northern Utah, including Salt Lake City. Henry Walker Homes' operations in Southern Utah and Colorado will resume under a different name.

"When presented with the opportunity to acquire Henry Walker Homes, we were immediately intrigued," said Oakwood Homes founder and CEO Pat Hamill. "We were expanding into Salt Lake City, and Henry Walker is already established in Utah with a solid reputation in the area."

The operations in Utah will take place systemically over the next year. John Stubbs, the current president of Henry Walker Homes, will become president of Oakwood's Utah division. Mike Stewart will lead the integration team. Over the next year, Jason Chisholm will be vice president of operations, and James Doolin will be vice president of land acquisition.

Currently, Oakwood Homes employs 151 people, and Henry Walker Homes has 78 employees. The majority of associates are expected to remain in their current roles. JMP Securities served as exclusive financial adviser to Henry Walker Homes in connection with the transaction.

Utah Business Social
UB Events View All
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business Magazine and Presenting Sponsors - Holland & Hart and Newmark Grubb ACRES - are pro...
Job Summit 2015Utah Business Event
Apr 10, 2015
Position your company as a Premier Employer in today's competitive job market! Utah Business maga...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business magazine and Snell and Wilmer are proud to announce the 18th annual 30 Women To Wat...
Community Events View All
CEH - Certified Ethical Hacker
Mar 2, 2015
Learn to hack like a pro, while pleasing the boss! The ethical hacker is usually a trusted employ...
Advance Your HR Career by Building Credibility, Trust, and Professionalism
Mar 3, 2015
Even if you know your craft, do you know how to improve others’ perception of your ability and pr...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel