Misawa Homes acquires majority interest in Logan's Visionary Homes
Misawa Homes Co. Ltd., a worldwide home construction company based in Tokyo, has acquired a 51 percent interest in Logan-based Visionary Homes. Visionary will be a part of Misawa Homes America Inc., a wholly owned subsidiary of Misawa Homes Co.
Visionary Homes, a 20-year-old homebuilder in Utah, is the latest in a series of acquisitions by Misawa of U.S.-based homebuilders. The investment in Visionary Homes is Misawa’s first within the western U.S.
Visionary Homes has a large Utah footprint with 30 active communities from Logan to St. George serving both first-time and second-time homebuyers.
“Visionary Homes looks forward to leveraging the Misawa partnership to grow, explore new technologies and cutting-edge building practices cultivated in Japan, and collaborate on best practices shared among other builders in the portfolio,” said Jeff Jackson, Visionary founder and CEO. “The Misawa partnership provides a wonderful opportunity for the future of the company. We started as a small custom homebuilder that was completing only a handful of homes per year. Reflecting on two decades of planned growth across the state, coupled with the dedication of our team members, makes this strategic partnership a cornerstone that will fortify our position as a premier builder in Utah and paves the way for our expansion into neighboring markets.”