Indianapolis-based Arbor Homes has acquired Franklin-based Fisher Contracting LLC in a deal that it says will bring one of its frequent collaborators in-house.
Terms of the acquisition, which closed Tuesday, were not disclosed.
Arbor is the Indianapolis area’s largest home builder, having filed 1,188 building permits in 2019, according to IBJ research. Fisher Contracting is a land development and transportation company.
Over the last three years, Arbor has worked with Fisher Contracting on more than 1,000 property lots in and around the Indianapolis area. The acquisition will allow Arbor to develop more than 1,700 finished lots annually, according to the firm.
Fisher Contracting owner James Fisher will continue to manage the firm’s operations, which includes 90 employees. The workforce includes utility, earthwork and grading crews that use more than 100 pieces of heavy equipment.
Fisher Contracting plans to move its operations to Trafalgar from Franklin in the coming year.
Arbor was acquired in July 2018 by Merryville, Tennessee-based Clayton Properties Group Inc., a division of Berkshire Hathaway, but maintains its headquarters in Indianapolis.
