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Columbia Business Monthly

Winston-Salem-Based Shugart Homes Joins Mungo Homes

Jul 09, 2019 11:22AM

Mungo Homes announces that Shugart Homes of the North Carolina Triad, which includes Greensboro, Winston-Salem, and High Point, is joining Mungo Homes, a part of the Clayton Properties Group. Like Mungo, Shugart began as a family-owned and operated business and has more than 50 years’ experience in new home construction. The two companies share not only a similar history, but company values that align and are based on customer service, quality, innovative building and design, and community reinvestment.

“The partnership with Clayton has given us this opportunity to grow,” said Mungo Homes CEO Steven Mungo. “The joining of Shugart Homes and Mungo Homes creates tremendous synergy and adds a strategic location to the Mungo footprint. We are excited to work together to serve the housing needs of the Triad area for years to come.”

Mungo Homes was acquired in November 2018 by Clayton Properties Group, a Berkshire Hathaway company, whose business model is structured on partnering with world-class companies in strong growth markets that share a resounding commitment to team member and customer experience. The partnership with Shugart stays consistent with Clayton Properties Group’s previous acquisitions and will help ensure long-term growth and stability for the Triad builder.

“We are thrilled to join Mungo Homes and become part of Clayton Properties Group’s distinguished builders,” said Shugart Homes Vice President Brian Shugart. “Our cultures and commitment to quality and care align seamlessly, and we look forward to continuing to provide quality homes and great customer service to our homeowners.”

Only positive changes for Shugart team members are expected, and there will be no shifts in management, with Vice President Brian Shugart continuing at the helm.