Dive Brief:

• Oakwood Homes, which is the largest private home-builder in Colorado, has acquired Utah builder Henry Walker Homes in a deal valued at over $75 million.
• The two companies began talking last fall, they said, and the merger closed last week.
• The two companies will be blended over the next year, they said, and they expect that most of Oakwood's 151 employees and Henry Walker's 78 people will stay.

Dive Insight:

Oakwood closed on 436 houses last year. With the Henry Walker operation added in, it's shooting for a minimum of 1,100 this year. That would make it the third-largest builder in the Midwest.