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Generational Equity Advises Pratt Homes in its Sale to Private Investor
By Generational Equity
10/20/2022
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, TTARP Investments, Inc. (dba Pratt Homes) to a Private Investor. The transaction closed September 15, 2022.
Located in Tyler, Texas, Pratt Homes is an independent modular, manufactured, and park model dealership. With hundreds of floorplans and customizations to choose from, Pratt Homes offers a wide variety of homes that can suit any budget or taste.
The homes are factory engineered and prefabricated. Customers can customize and order their custom home or purchase one from the sales center. The Company handles everything from beginning to end. Pratt Homes is one of few in the industry that has an in-house Finance Department with an on-site experienced and licensed mortgage loan originator.
In addition, its Construction Department will arrange the delivery, set up, and on-site trim out to complete the building process, as well as septic, electricity, concrete foundations, garages, carports, driveways, etc. The Service Department promptly addresses and resolves any emergency warranty needs after the customer has moved into their home.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Senior Managing Director, M&A, Cory Strickland, with the support of Vice President M&A and Digital Marketing, Vanessa Christian, successfully closed the deal. Senior Managing Director, James Carr, established the original relationship with Pratt Homes.
“I was delighted to have the opportunity to represent the most prestigious dealer/builder of modular homes in the country,” said Strickland.
He added, “Set well above the competition, I knew it would be a challenge to find someone to fill the owner, Lynn Pratt’s shoes; however, this acquisition fits nicely into the strategy being implemented by the buyer. I know that with the buyer’s leadership, the legacy of Pratt homes’ reputation as the best in the business will continue well into the future.”
About Generational
Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.