PulteGroup Completes Acquisition of Certain Homebuilding Assets of John Wieland Homes and Neighborhoods
Staff Report From Metro Atlanta CEO
Tuesday, January 19th, 2016
PulteGroup, Inc. announced today completion of its previously announced agreement to acquire certain homebuilding assets of John Wieland Homes and Neighborhoods, one of the country's premier builders of move-up and luxury homes, from affiliates of Wheelock Street Capital, L.L.C. and the Wieland family.
The Company expects this transaction will be immediately accretive to earnings and cash flows.
Headquartered in Atlanta, Wieland ranks among the country's 100 largest homebuilders and is a leading builder of luxury homes in Atlanta, Charleston, Charlotte, Nashville and Raleigh; all markets in which PulteGroup currently operates.
