Clayton Properties Group Acquires Mungo Homes
December 3, 20182 min read
Family-Owned Mungo Homes Joins Clayton's Family of Builders
MARYVILLE, Tenn., Dec. 3, 2018 /PRNewswire/ -- Clayton Properties Group®, a division of Clayton Home Building Group® and a Berkshire Hathaway company, today acquired nationally recognized Mungo Homes (Mungo).
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Founded in 1954 by Michael J. Mungo in Columbia, S.C., the multigenerational, previously family-owned and operated homebuilder is now led by CEO Steven Mungo. An award-winning builder, Mungo first expanded outside of the Columbia, S.C., market in 2003 to Charleston, S.C. Mungo now builds homes in eight markets throughout South Carolina, North Carolina, Georgia and Alabama, making them the largest builder to join Clayton Properties Group.
"Clayton's partnership equips our team with innovative tools and technologies, superior leadership training and purchasing power that allows us to continue to grow Mungo with a focus on stability, team members and customers," said CEO Steven Mungo. "It creates the highest level of opportunity for our company as a whole while allowing us to retain our culture and corporate identity."
"Mungo Homes is a natural fit for our distinguished group of homebuilders," said Clayton Home Building Group President Keith Holdbrooks. "Their pillars of success stem from a longevity in the home building industry that is over 60 years old and began when Steven's father, Michael Mungo, founded the company. The family-like culture is a direct correlation to Mungo's deep focus on team member and customer experience. Mungo's tenure in the industry is paramount, and we look forward to coupling this with the talents of our other builders to pursue innovation in housing together."
About Clayton Properties Group
Founded in 1956, Clayton is proud of its history of providing affordable, quality homes. The company is committed to opening doors to a better life and helping to build happiness through homeownership. As a diverse builder committed to quality and durability, Clayton offers traditional site-built homes and prefabricated housing, including modular homes, manufactured housing, tiny homes, park model recreational vehicles, college dormitories, military barracks and apartments. Clayton Properties Group is the site-built division of Clayton Home Building Group and includes Chafin Communities, Goodall Homes, Summit Homes, Oakwood Homes, Harris Doyle Homes, Brohn Homes, Arbor Homes and Mungo Homes. Clayton is a Berkshire Hathaway company. For more information, visit www.claytonpropertiesgroup.com.