Dear BAG Clients and Friends,

Builder Advisor Group is pleased to announce that it served as the exclusive financial advisor to Elliott Homes (“Elliott”) in the sale to Meritage Homes (“Meritage”). With this transaction, Meritage will acquire over 5,500 lots making for a significant entry into the Gulf Coast markets. Both Elliott and Meritage are well aligned in their strategy with an emphasis on spec builds and affordable entry-level homes. BAG was honored to work with Brandon Elliott, CEO of Elliott Homes, in structuring a highly accretive partnership with Meritage. BAG would like to commend Brandon for establishing an exceptional homebuilding operation that exemplifies innovation, quality, and luxury in entry-level homes in the Gulf Coast markets. The sale of Elliott may serve as a catalyst for growth as Meritage commences production before the end of the year.

Builder Advisor Group is dedicated to providing M&A and capital raising solutions to homebuilders, delivering tailored strategies that aim to maximize the value of our client's business. BAG personnel have advised on 100+ M&A transactions since 1996 and raised more than $20 billion for builders and developers.

Our affiliate, Avila Real Estate Capital ("AREC"), has established itself as one of the largest private lenders in acquisition and development loans, originating over $800 million in land loans since launching in late 2022. The firm is committed to providing acquisition, development, and construction financing to projects with best-in-class sponsors in markets across the U.S.

Please reach out if you’re interested in having a confidential conversation about your capital needs or selling your company.