Who Owns Avant Homes?

Avant Homes is owned by Berkeley DeVeer, a housebuilder run by former Persimmon chief executive Jeff Fairburn and backed by US hedge fund Elliott Advisors. The acquisition was completed in 2021, marking a significant change in the company’s ownership and operational dynamics.

Ownership Details

The transition of Avant Homes’ ownership to Berkeley DeVeer was a strategic move led by Jeff Fairburn, who now serves as the Chairman of Avant Homes. With Elliott Advisors providing backing, the venture seems well-positioned to leverage resources for growth and development.

Current Management Structure

Despite the shift in ownership, Avant Homes continues to thrive under the leadership of its existing management team. Mark Mitchell took on the role of Chief Executive Officer on May 1, 2022, bringing fresh vision to the company’s strategic direction. Richard Stenhouse fulfills the role of Chief Financial Officer, maintaining the financial health and strategic investments of the company. The leadership emphasizes continuity and stability, ensuring that Avant Homes is effectively steered toward achieving its goals.

For more details on the company’s management team, you can visit the Board and Management Team page at Avant Homes.

Operational Reach and Milestones

Avant Homes is a prominent player in the housebuilding industry, operating 60 live developments across five regions, including the Midlands, Yorkshire, North East England, and Scotland. The company is prolific in its field, delivering approximately 2,000 homes each year. With a turnover of around £500 million, Avant Homes demonstrates substantial market presence and contributes significantly to the housing sector.

Workforce and Employment

With a workforce of around 780 people, Avant Homes is a significant employer in the regions it operates. The company places a strong emphasis on creating job opportunities and contributing to regional economic growth through its projects and developments.

Conclusion

The acquisition of Avant Homes by Berkeley DeVeer, led by Jeff Fairburn, marks a transformative period for the company, reinforcing its position within the housebuilding industry. Under its current ownership and leadership, Avant Homes is set to continue its trajectory of growth and success, contributing to the development of housing solutions across the UK.