Trumark Homes Expands Western United States Operations with Purchase of Wathen Castanos Homes

Trumark Homes, an award-winning home builder with divisions in California and Colorado, announced the acquisition of Wathen Castanos Homes to expand its presence in Central California.

This expansion is the latest in a series of strategic growth initiatives designed to serve homebuyers from the Rockies to the Pacific Ocean.

“Our acquisition of Wathen Castanos Homes is a unique opportunity to fulfill several of our strategic goals,” Trumark Companies co-founder and Chief Executive Officer Gregg Nelson said. “First and foremost, our companies share a similar culture as well as a commitment to building quality homes and providing an unparalleled homebuyer experience.”

Michael Maples, Trumark Companies’ co-founder and Chief Executive Officer, added, “With today’s announcement, our homebuilding portfolio is now contiguous from Northern California to Southern California. This is another important step forward in our vision of becoming the dominant regional homebuilder in the West, as this acquisition will allow us to exceed $1B in revenue in 2024.”

Wathen Castanos Homes, founded in 1983 and currently led by President and partial owner Josh Peterson since 2014, is a leading private homebuilder in California’s Central Valley and Central Coast with a long history of success. Wathen Castanos Homes, which is currently building in San Luis Obispo, Monterey Bay, Clovis, Fresno, and Madera, is known for its award-winning design and energy efficiency.

“We are very excited and honored to join the Trumark Homes family,” Peterson stated. “Over the decades that we have been in the homebuilding industry, we have always been guided by a foundation of quality and values, a tradition of craftsmanship, and dedication to high quality customer care. Trumark Homes shares these same guiding principles as well as the resources to accelerate our growth, which makes them the perfect match for us.”

Nelson, Maples, and Peterson emphasized the value of joining Trumark and Wathen Castanos as the quality of their employees and dedication to their highly skilled teams.

In 2021, Trumark Homes launched a new homebuilding division in Colorado, capitalizing on the state’s robust housing market. This was the company’s first venture outside of California, indicating its ambition to become a dominant player in the Western United States homebuilding landscape. The acquisition of Wathen Castanos Homes is the next step toward that vision, as the company looks for additional growth opportunities in the Western United States to leverage Trumark’s parent company Daiwa House’s vast resources.