In a significant development for the Florida housing market, Fischer Homes, a well-established builder from Kentucky, is making its mark in the Northwest Florida region with the acquisition of Samuel Taylor Homes. This strategic move not only adds another player to the housing market but also signifies the growing appeal of the Sunshine State as a destination for real estate investment.
Fischer Homes, based in Erlanger, Kentucky, has long been recognized as a key player in the homebuilding industry. Ranked 30th on the prestigious 2023 Builder 100 list, the company has primarily focused its operations in Cincinnati, Louisville, Atlanta, Indianapolis, Columbus, Dayton, and St. Louis. However, with the recent acquisition of Samuel Taylor Homes, they are venturing into the promising Northwest Florida housing market.
According to CEO Tim McMahon, “Florida is a natural expansion for us, given the state's population growth and our presence in the Southeast. In addition to the fantastic team that Samuel Taylor has in place, we are also excited to partner with their trade and development partners—they are a huge part of our planned growth and success in Northwest Florida.”
A Win-Win Partnership: Fischer Homes and Samuel Taylor Homes
The deal, set to close in mid-December, will see Fischer Homes actively selling homes in Northwest Florida by the end of the year. As a private home builder with over 40 years of experience and more than 38,000 homes built since its inception in 1980, Fischer Homes has a strong reputation for quality and customer satisfaction.
Samuel Taylor Homes, founded in 2011 by Matt Brandman and Hunter Collins, has already made a significant mark in the Northwest Florida area by constructing over 800 homes. Known for its quality construction, the company focuses on Bay County communities in Panama City and Panama City Beach.
Matt Brandman, one of the founders of Samuel Taylor Homes, will take on the role of market president of the new Florida Gulf Coast Division for Fischer Homes. Brandman expressed his enthusiasm for the partnership, saying, “Once we met the Fischer Homes team, we knew right away that becoming part of the Fischer Homes family would be a win-win for the Samuel Taylor team and our customers. Both companies are focused on delivering the best total new-home customer solution, have a thriving company culture, and see the enormous potential of this market.”
Growth and Success: Fischer Homes' Impressive Track Record
Fischer Homes' acquisition of Samuel Taylor Homes comes on the heels of its remarkable growth in recent years. The company has doubled its home closings since 2016 and doubled its revenue since 2018. This expansion is not only within its existing markets but also into new regions that align with its portfolio of award-winning home designs and expertise in creating communities with enduring value.
Jay Smith, Fischer Homes' president and chief operating officer, highlighted the support provided to their homebuilding divisions by their corporate teams. He emphasized that now is the right time to bring their companies together to create instant scale in a market experiencing rapid growth, with a solid team already in place.
This strategic move by Fischer Homes demonstrates their commitment to delivering exceptional homes and experiences to customers. By entering the Northwest Florida housing market, they aim to become an integral part of the region's real estate landscape.
Looking Ahead: Fischer Homes in the Florida Housing Market
Fischer Homes' entry into the Northwest Florida housing market brings a fresh perspective and new opportunities for homebuyers and investors. With a history of excellence and a reputation for quality, they are poised to make a significant impact in this dynamic real estate landscape.
As the deal with Samuel Taylor Homes nears completion, the Florida housing market can anticipate a surge in homebuilding activity. Fischer Homes' unique approach and commitment to customer satisfaction will likely set new standards in the industry.
Fischer Homes' acquisition of Samuel Taylor Homes represents a milestone in the Florida housing market. This strategic move not only diversifies the options available to homebuyers but also underscores the attractiveness of Florida as a destination for real estate investment. With their impressive track record and commitment to excellence, Fischer Homes is poised for success in the Sunshine State.