WHY SELL TO CLAYTON?
Berkshire Hathaway's Clayton has purchased three site-built companies to date.
By Brian Croce
Since founding their Buford, Ga.–based company, Chafin Communities, in 1996, brothers Eric and Daryl Chafin never looked to sell the business. They saw no reason to; the company was doing well in the Atlanta market.
Then in May 2015, the Chafins met with a few executives from Clayton, the Maryville, Tenn.–based modular builder to discuss Clayton’s potential acquisition of Chafin Communities. The Chafins took the meeting, but Eric Chafin was unsure about having his site-built company potentially bought out by a modular builder.