DRB Group, a leading residential homebuilder in the United States, has announced its acquisition of Biscayne Homes, a premium builder brand in the Tampa market. The deal will expand DRB Group’s presence in the Southeast region and add a luxury brand to its portfolio.
Biscayne Homes, founded in 2017, is known as “Florida’s Luxury Builder” for its modern, design-focused, and customer-centric homes. The company has built over 20,000 homes in highly desirable master plans developed by Metro Development Group, one of Florida’s largest developers.
DRB Group, founded in 1990 and partnered with Sumitomo Forestry America, Inc., is the fifth largest private and 21st largest overall residential homebuilder in the United States. The company develops land for its two builders: DRB Homes and DRB Elevate. It also provides fee-based land development and residential building services for investment groups. The company operates in 10 states and 21 metro markets on the East Coast.
Ronny Salameh, CEO of DRB Group, said, “The acquisition of such a reputable and outstanding company as Biscayne Homes not only accelerates our strategic growth plan in the Florida markets, but it enhances the DRB Homes’ portfolio adding a luxury brand. I look forward to continuing the strong relationship formed with the owners of Biscayne Homes and all their employees.”
David Adler, a managing member of Biscayne Homes LLC, said, “We are very excited to join the DRB family. We know that the acquisition of Biscayne by DRB will help foster tremendous growth for our company, its brand, and especially for our employees.”
Builder Advisor Group served as exclusive financial advisor to Biscayne Homes in the transaction.