Get breaking news alerts via email

Click here to manage your alerts
Colorado firm buys most of Utah’s Henry Walker Homes
Real estate » Oakwood Homes says the acquisition will allow it to have more reach into Salt Lake City.
First Published Apr 24 2014 02:26 pm • Last Updated Apr 24 2014 04:21 pm

Henry Walker Homes, a major player in residential construction in Utah and Colorado, is selling a large chunk of its business to Colorado’s largest privately owned homebuilder, Denver-based Oakwood Homes.

Oakwood Homes founder and CEO Pat Hamill announced the deal Thursday, casting its acquisition of Henry Walker Homes’ northern Utah assets for more than $75 million as a move toward expanding into Salt Lake City metropolitan markets.

Join the Discussion
Post a Comment

Henry Walker Homes, Hamill said, "is already established in Utah with a solid reputation in the area."

The transaction, discussed since last fall and completed Wednesday, was funded with capital investments from Minneapolis-based Värde Partners and Mountain Real Estate Capital, headquartered in Charlotte, N.C.

The sale carves out Henry Walker’s extensive operations in Utah’s northern counties and puts them under Oakwood ownership, with John Stubbs, current president of Henry Walker Homes heading up Oakwood’s new Utah division.

Henry Walker’s business in northern Colorado and southern Utah, including a high-end retirement home-building operation centered in St. George, will be spun off into a separate company, to be led by Henry Walker Homes founder and CEO Colin Wright.

With its market shares along the Colorado Front Range, including Denver and Colorado Springs; Omaha, Nebraska; as well as in northern Utah, Oakwood sold 436 homes last year.

With this purchase, company officials said they hope to more than double that number in 2014, a goal that would make Oakwood the 33rd largest U.S. homebuilder.


Twitter: @tony_semerad

story continues below

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.