Arbor Homes Acquires Indy’s R&R Plumbing
(photo courtesy of Arbor Homes)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based home builder Arbor Homes has acquired R&R Plumbing Inc. Arbor Homes says the addition of R&R Plumbing will bolster the company’s existing efficient building processes.
Financial terms of the deal were not disclosed.
Dick Poynter, owner and founder of R&R Plumbing, will retain his role as president and continue daily management of the operations.
“We are excited to welcome this like-minded company into the Arbor Homes family,” said Pete Logan, chief operating officer for Arbor. “This partnership will help expand our mission of building great neighborhoods and homes for people across the state, where they can fully experience and celebrate life.”
The deal comes after Arbor Homes’ 2020 acquisition of Fisher Contracting, a land development company.
“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 in providing high-quality affordable housing to central Indiana for many years to come,” said Poynter.
Arbor Homes says it has built more than 14,000 new homes in the Indianapolis area since 1994.