Mungo Homes announced Tuesday that CraftMaster Homes of Central Virginia is joining Mungo Homes, a part of the Clayton Properties Group.
CraftMaster Homes, a six-time Builder of the Year winner, began as a family-owned and operated business and has more than 20 years of experience in new home construction. Both companies share a similar history and company values rooted in customer service, quality, innovative building and design and community reinvestment.
“The partnership with Clayton has given us this opportunity to grow,” said Mungo Homes CEO Steven Mungo. “The joining of CraftMaster Homes and Mungo Homes creates tremendous synergy and adds a strategic location to the Mungo footprint. We are excited to work together, to learn from one another, and to serve the housing needs of the Richmond area for years to come.”
Mungo Homes was acquired in November 2018 by Clayton Properties Group, a Berkshire Hathaway company. The partnership with CraftMaster stays consistent with Clayton Properties Group’s previous acquisitions and will help sustiain long-term growth and stability for the Virginia-based builder.
“We are thrilled to align CraftMaster Homes with a company who shares our values and drive to create an enjoyable customer experience," said Jeff Tunstall, CraftMaster Homes president. "This opportunity will allow us to grow our team and our footprint in the Richmond housing market. We take pride in the homes we build and the lives we touch, and we are excited to be able to reach even further with our partnership with Mungo Homes."