Handcrafted Homes, LLC, a modular home manufacturer in
was sold on Monday to Cove View Capital.
CoveView will continue to operate
under the name HandCrafted Homes and will be led by Paul Jarvis, an industry
consultant. Jarvis is the new president of HandCrafted Homes. No word yet whether a new broom will sweep through the factory but from the people I’ve talked with, builders and their customers should see no changes.
HandCrafted Homes is a recognized leader in modular homes,
apartments and commercial buildings in the mid-Atlantic region of the
independent builders and developers. The factory also owns 2 factory retail sales
centers, which I’m told sold about 30 homes last.
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| View of the factory floor |
Don’t be surprised to see more modular home factories being sold to investment capital groups now that the recession is going away and the building industry realizes just how much modular construction is the best way to build in the future.
