Arlington, Texas-based homebuilding giant D.R. Horton Inc. is boosting its presence in Arkansas.
D.R. Horton will acquire Fayetteville-based Riggins Custom Homes, a large homebuilder in Northwest Arkansas, D.R. Horton said Thursday.
The company expects to pay about $107 million in cash and plans to combine Riggins’ operations with its existing business in Northwest Arkansas. The deal will include about 3,000 lots, 170 homes in inventory and 173 homes in Riggins’ sales order backlog.