Builder Arbor Homes Acquires Local Plumbing Business

Arbor Homes, the most active home builder in the Indianapolis area, has acquired local company R&R Plumbing Inc. in a deal reached on July 1, the companies said on Tuesday.

Arbor said the acquisition of R&R, which worked as a plumbing contractor for the builder for 20 years, “will strengthen the company’s existing efficient construction processes.”

Financial terms were not disclosed.

Former owner Dick Poynter, who founded R&R in 1989, will retain his role as chairman and continue to manage the day-to-day 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 to provide high quality affordable housing in central Indiana for many years to come. coming up, “Poynter said in written remarks.

Arbor, founded in 1994, was acquired in July 2018 by Clayton Properties Group Inc., a division of Berkshire Hathaway, based in Merryville, Tennessee, but retains its headquarters in Indianapolis.

The acquisition of R&R is the second for Arbor since becoming part of Clayton Properties.

In December 2020, the company acquired Fisher Contracting, a Franklin-based land development company.

Arbor filed 1,372 building permits for single-family homes in 2020, up from 1,188 the previous year. It has built over 14,000 new homes in the Indianapolis area since its founding in 1994.

“We are thrilled to welcome this like-minded company to the Arbor Homes family,” said Pete Logan, Arbor COO, in a written rcoook. “This partnership will help expand our mission to build great neighborhoods and homes for people across the state where they can live fully and celebrate life.”