Success Stories:

How We Deliver Results for Our Clients

Land Banking Capital Raise: Schuber Mitchell Homes

November 2025

  • Schuber Mitchell Homes, founded in 2011 and headquartered in Joplin, MO, ranks as the 77th largest homebuilder in the U.S., according to Builder Magazine’s 2025 Builder 100 list

    With initial operations in Joplin and Northwest Arkansas, the Company entered Tulsa, OK through a greenfield expansion in 2023 and Springfield, MO via acquisition in 2024

    The Company delivered approximately 800 homes in 2024 and is preparing for an acceleration in growth in the coming years

    Mandate: Land banking capital raise

  • Whelan Advisory partnered with the Schuber Mitchell team to understand long-term growth objectives and capital needs relative to the Company’s existing lot pipeline and upcoming opportunities

    Analyzed various capital sources available to fund incremental land acquisition, identifying land banking as a strategic addition in their capital strategy

    Evaluated land pipeline and project proformas to identify target projects for capitalization and facilitated capital partner introductions leading to multiple term sheets.  Provided comparable analysis of offer terms and structures, and assisted in the procurement of transaction counsel

  • In November 2025, Schuber Mitchell closed on the first project of a ongoing financing partnership with Essential Housing, under which Essential Housing will finance finished lots across multiple developments and markets

  • Builder: Schuber Mitchell Homes Establishes Land Banking Partnership With Essential Housing

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: Windsor Homes

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