The Jones Company of Tennessee sold to CastleRock Communities
Whelan Advisory acted as the exclusive financial advisor to The Jones Company of Tennessee in its sale to CastleRock Communities, one of the largest homebuilders in Texas and a subsidiary of Japan-based Daiwa House.
This transaction further strengthens WA’s sector focus in homebuilding and extensive track record working with founder-owned businesses. Our team has advised on 31 successful transactions since 2018, totaling over $13.4 billion in volume across M&A, debt, and equity.
“Margaret and her team did an unbelievable job guiding us through the transaction process, marketing our company to potential buyers during a period of extreme uncertainty. Her expertise in our industry has been invaluable since we first met Margaret in 2021, and her calm demeanor got us over the finish line. The Whelan team was instrumental in helping us tell our story, as well as negotiating and structuring a successful transaction.
They were there for us 24/7 and were a key factor in helping us manage the huge amount of information and data that is required to complete a transaction with a foreign buyer. We couldn’t be more pleased with Whelan Advisory.”
“We are honored to represent the owners and founders of best-in-class homebuilders. The interest level in Jones was high, given its efficient operations and attractive position as one of the largest private builders in the fast growth Nashville area. With almost three decades of experience delivering high quality homes in the market, Jones management is well regarded and secured a robust lot pipeline.
This combination with CastleRock Communities is a strong strategic and cultural fit, allowing for Jones employees to stay in place. We look forward to watching their growth over the coming years.”
This is the 33rd transaction between Asian buyers and U.S. housing-related companies since 2013. Margaret was recently interviewed by the Financial Times to share her expertise on this topic: How Japan is helping America’s youth leave home
Transaction led by:
Margaret Whelan
Founder & CEO
Currey Cornelius
Managing Director
Luke Klee
Vice President
