D.R. Horton to acquire Riggins Custom Homes

D.R. Horton, the nation’s largest homebuilder, has announced plans to acquire Fayetteville-based Riggins Custom Homes in a bid to expand its presence in Northwest Arkansas.

D.R. Horton has agreed to pay roughly $107 million in cash to own the homebuilding assets of Riggins and combine them with its current homebuilding platform in Northwest Arkansas. Riggins’ portfolio includes around 3,000 lots, 170 homes in inventory, and 173 homes in sales order backlog. 

Donald R. Horton, chairman of the board, outlined that the “quality building operations and local market expertise” of Riggins make it an “excellent extension” of D.R. Horton as it expands its local startup market position in the region.