Vaughan-based home builder acquires another U.S. firm in ‘one of the fastest growing cities in America’

Shea Homes North Carolina is building in 13 Charlotte-area communities

Yorkregion.com
Feb 16. 2021,
Dina Al-Shibeeb

Headquartered in Vaughan, Empire Communities -- a home builder company -- has acquired a North Carolina firm located in Charlotte, “one of the fastest growing cities in America,” a release said on Feb. 2.

Empire Communities, considered to be one of North America’s largest privately held home builders, has acquired Shea Homes North Carolina to expand its growing U.S. presence.

Shea Homes North Carolina -- not affiliated with the national home builder Shea Homes Limited Partnership -- is currently building in 13 Charlotte-area communities.

“All communities will transition to the Empire brand early in 2021,” the release said, without giving an exact date.

Shea Homes North Carolina offers “innovative designs for townhomes and single-family homes,” said the release, adding how these homes are priced from $300,000 to more than $1,000,000 “with particular attention paid to livability and flexibility for every stage of life.”

Empire Communities launched its U.S. homebuilding division in 2016 in Houston first, and now builds and develops in over 90 intown and suburban communities in Houston, Austin, San Antonio, Atlanta and Charlotte, as well as the Greater Toronto Area and southwestern Ontario.

Builder Advisor Group served as financial adviser to Shea Homes North Carolina in this transaction.