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Wed April 24 2024

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Hopkins Homes changes hands

21 Jan 22 Private equity investor Terra Firma has completed its acquisition of East Anglian housebuilder Hopkins Homes.

Hopkins Homes was established in 1993 by James Hopkins and has its headquarters in Woodbridge, Suffolk. It has 187 employees working across 21 sites.

Following the acquisition, Hopkins Homes will continue to be led day-to-day by group managing director, Lee Barnard. James Hopkins will continue to own and lead Hopkins & Moore, a separate housebuilding company to be renamed as Denbury Homes, which was not part of the sale and will now operate separately from Hopkins Homes. He will also focus on charitable works.

Vivek Ahuja, chief executive officer of Terra Firma, said: “We are incredibly pleased to welcome Hopkins Homes into the Terra Firma family. As a regional housebuilder, it is recognised for its strong business and brand, and I greatly look forward to working with Lee and the team to drive the next phase of Hopkins Homes' success, building on the impressive legacy that James leaves behind.”

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James Hopkins, founder and executive chairman of Hopkins Homes, said: “Since founding the business, our mission has always been to deliver high-quality housing that sits at the heart of communities, whilst preserving the character of East Anglia for generations to come. I have every confidence that under Terra Firma's stewardship and the continued leadership of Lee Barnard, Hopkins Homes will continue to go from strength to strength.”

Lee Barnard, group managing director of Hopkins Homes, said: "I am delighted to be partnering with Terra Firma, under whose ownership we are excellently positioned for the future. On behalf of the entire company, I would like to thank James for the enormous contribution he has made to the business' success and, to wish him the very best for the future.”

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