Berkshire Hathaway buys KC area’s largest home builder

Warren Buffett’s Berkshire Hathaway Inc. has bought the assets of the Kansas City area’s largest home builder, Summit Custom Homes, the companies announced.

The deal involved Berkshire’s Tennessee-based Clayton Properties, which bought the operating assets of Summit Cutom Homes, which is based in Lee’s Summit.

The announcement, which did not disclose terms of the sale, said it included about 1,200 lots in the Kansas City area.

Clayton said it would retain Summit’s 54 employees and branding.

Read more: Kansas City Star, Kansas City Business Journal

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