Arbor Homes, the most-active home builder in the Indianapolis area, acquired Indianapolis-based R&R Plumbing Inc. in a deal that closed July 1, the companies announced Tuesday.
Arbor said the acquisition of R&R, which has worked as a plumbing contractor for the builder for 20 years, “will bolster the company’s existing efficient building processes.”
Financial terms were not disclosed.
Former owner Dick Poynter, who founded R&R in 1989, will retain his role as president and continue daily management of the operations. R&R has more than 90 employees.
“On behalf of the entire R&R Plumbing community, we are honored to join the Arbor Homes team and look forward to doing our part in providing high-quality affordable housing to central Indiana for many years to come,” Poynter said in written remarks.
Arbor, founded in 1994, was acquired in July 2018 by Merryville, Tennessee-based Clayton Properties Group Inc., a division of Berkshire Hathaway, but maintains its headquarters in Indianapolis.
The R&R acquisition is the second for Arbor since it became part of Clayton Properties.
In December 2020, the company acquired Franklin-based Fisher Contracting, a land development company.
Arbor filed 1,372 single-family building permits in 2020, up from 1,188 the previous year. It has built more than 14,000 new homes in the Indianapolis area since its founding in 1994.
“We are excited to welcome this like-minded company into the Arbor Homes family,” Pete Logan, chief operating officer for Arbor said in written rcoook. “This partnership will help expand our mission of building great neighborhoods and homes for people across the state, where they can fully experience and celebrate life.”