Success stories: How we deliver results for our clients.

South Carolina Homebuilder: SK Builders

October 2025

  • Founded in 1994, SK Builders was a top five homebuilder and the largest privately held builder in Greenville, SC with a top ten presence in nearby Spartanburg, SC

    Specializing in entry-level single-family homes, SK Builders served the largest buyer pool in one of the nation’s fastest growing top-50 homebuilding markets

    Robust pipeline of more than 1,900 lots, a mix of self-developed lots and optioned takedowns, positioning the Company for sustained long-term growth

    Second generation, privately owned by two brothers

    Ranked the 109th largest homebuilder by Builder Magazine in the 2025 Builder 100 list

    Mandate: Sell-side advisor

  • After seller had unsuccessfully marketed the company for sale, Whelan was engaged to lead a comprehensive sell-side M&A process, with the objective of enabling ownership’s transition out of the business while ensuring continuity for management and employees post-close

    Contacted a broad universe of potential buyers – including public builders, private builders, private equity investors, and Japanese housing companies – resulting in multiple competitive offers

    Actively managed the closing due diligence process to reduce workload on the management team and ensure a timely close, coordinating numerous advisors and third parties

    The transaction was structured as a purchase of the homebuilding assets, with land development operations carved out. The owners will continue to pursue land development under a new brand

  • In October 2025, D.R. Horton (NYSE: DHI) acquired 100% of SK Builders

  • Builder Magazine: D.R. Horton Acquires SK Builders

North Carolina Homebuilder & Land Developer

September 2025

  • Based in Greensboro, NC and with operations across the North Carolina Triad (Greensboro—Winston-Salem—Burlington) and coastal Wilmington areas, Windsor Investments was a vertically integrated homebuilder (Windsor Homes) and developer (Land Acquisition and Development Services) with a 20+ year history of serving the North Carolina market

    As the fifth largest builder in Greensboro, the Company served both entry-level and move-up buyer segments with its single-family detached and townhome products

    With operations spread over two divisions, the Company had a substantial pipeline of over 2,000 lots, providing long-term visibility on future growth

    Mandate: Sell-side advisor

  • Windsor Homes received multiple unsolicited offers to buy the Company in the past, but none of these potential acquirers seemed like the right fit

    Whelan Advisory’s deep knowledge of Windsor’s markets and firm culture made it clear that Stanley Martin was a natural fit given their complementary geographic footprint and aligned views on land and people

    We executed a highly efficient “rifle shot” process with Stanley Martin, backed by our client’s conviction that this strategic fit would deliver the best result

    This complex transaction was structured as a consolidated purchase of both the homebuilding and land development entities. We facilitated the negotiation of the LOI and definitive agreements, and led the complete due diligence process to a successful closing

  • In September 2025, Stanley Martin Homes acquired 100% of Windsor Investments

  • Builder Magazine: Stanley Martin Homes Acquires Windsor Homes

    The Builder’s Daily: Stanley Martin Grows Southeast Footprint with Windsor Homes

    Yahoo Finance: Stanley Martin Homes to Acquire the Assets and Operations of Windsor Homes, Expanding Presence in North Carolina

    Pro Builder: Stanley Martin Homes Set to Acquire Windsor Homes

    GlobeNewswire: Stanley Martin Homes to Acquire the Assets and Operations of Windsor Homes, Expanding Presence in North Carolina

Indiana Homebuilder

January 2025

Logo of 'davis' with a house roof design, text reads: 'Sell-Side Advisor - Sale of majority interest to Defy Investments, Closed 2025'

  • Specializing in new home construction in vibrant communities, as well as custom “on your lot” construction, Davis is one of the largest privately-held builders in Indiana’s highly competitive housing market

    Based in Indianapolis, Davis Homes is led by third-generation builder Brad Davis, with more than 25,000 homes built across Indiana by the Davis Companies

    Serves the entry-level to move-up price points

    Mandate: Sell-side advisor

  • Extensive due diligence of the Company’s history, market position, strategic plans, and capital needs

    Worked closely with the management team to articulate long-term goals and host investor meetings

    Executed a highly efficient “rifle shot” process tailored to finding the ideal partner

    Structured and negotiated the letter of intent, managed the closing due diligence process, and led negotiations for the definitive agreements

  • In January 2025, Defy Investments acquired a majority position of Davis Homes, forming a long-term partnership with President Brad Davis

  • GlobeNewswire: Defy Investments Acquires Davis Homes

    BUILDER: Defy Investments Buys Davis Homes in Indianapolis

    The Builder’s Daily: Inside the Deal: Defy Investments’ Acquisition of Davis Homes