Fischer Homes is entering the fast-growing Louisville, Ky., market with the purchase of the majority of the land assets of Dogwood Homes effective January 1, 2018. Dogwood Homes is a top Louisville builder owned by Richard Miles, who started the company 20 years ago and is set to deliver over 200 homes in Louisville in 2017. Privately held Fischer Homes is the 38th largest builder in the U.S. and has been in business since 1980.
Richard Miles, President of Dogwood homes reflected, “Since our first discussion, it became apparent we had a fit with the Fischer Homes culture and that they would be a great addition to what we are doing in the Louisville market. Fischer is known for customer satisfaction and building communities that stand the test of time. This is the right fit for Dogwood Homes, and we know our customers will benefit from this deal.”
Miles will begin working for Fischer Homes as the Market President for the new Louisville Division of Fischer Homes effective January 1, 2018. The Louisville division will be building homes in Bullitt, Spencer, Oldham, Shelby, and Jefferson counties.
“We are so pleased that Richard and his team will be joining the Fischer Homes family. Richard brings a wealth of homebuilding experience to our organization. He and his team have done an amazing job of growing their business in the Louisville market, and we look forward to their ongoing contributions to our business,” said Tim McMahon, President and COO of Fischer Homes.
The Dogwood team will remain in place with this transition. Dogwood is operating in 14 area communities in Louisville. Miles has grown his team and communities by focusing on quality construction and being in the right locations for growth in the market. This focus on customer service already at Dogwood is a natural fit with Fischer Homes, and Fischer Homes will also bring its design capabilities and community expertise to Dogwood communities and future developments in the region.
Bob Hawksley, CEO of Fischer Homes, commented on the strategic fit of this expansion,
“The market in Louisville is poised for growth in the next decade and beyond. Our portfolio of Fischer Homes designs, community planning expertise, and Richard and the Dogwood team will enable us to effectively meet the growing housing demand in this dynamic market.”
Fischer Homes will be completing the construction management services beginning on January 1 for any homes still under construction, and will also perform warranty services for Dogwood Homes customers.
Fischer Homes has been on a rapid growth trajectory since entering the Columbus, Ohio, market in 2008 followed by Indianapolis in 2010, and Atlanta in 2012. In addition to being the market leader in the Cincinnati MSA, Fischer Homes is number three in the Columbus market in sales, and number four in Indianapolis, and is on track for over 200 closings in Atlanta this year.
Reported by Fischer Homes Company Blog (Oct. 5, 2017)
For complete information on Fischer Homes including all corporate and division offices and leading personnel refer to The National Builders Directory and Online Database.