Le Lézard
Subject: Merger/Acquisition

Luxury Home Builders Streeter & Associates and Elevation Homes Combine to Form One Company


Custom luxury home builders Streeter & Associates and Elevation Homes are combining under the Streeter name to offer a broader range of custom-building services for their customers.

Based in Wayzata, Minn., Streeter & Associates (www.streeterhomes.com) is a custom builder of luxury homes, starting in home value at $4 million and up. The company, founded 35 years ago by Steven Streeter and Kevin Streeter, also specializes in custom home renovations and condominium build-outs.

Elevation Homes, a Wayzata-based custom home builder formed by Streeter in 2006, builds homes in the $1 million to $4 million range.

By combining the two businesses, Streeter can take advantage of the design and building processes, and the partner and supplier networks that each had developed in their own right to drive more value for future customers.

The combined organization will employ more than 50 full-time employees. It will be led by Steven Streeter, president of Streeter; Nate Wissink, vice president of business development; and Bill Costello, director of operations.

"As we evaluated our businesses, it became clear that we could offer Streeter and Elevation customers access to a broader range of services, materials, and craftspeople by combining our operations, expertise, and systems," said Steven Streeter, President of Streeter. "Essentially, we're taking the very best of both companies ? our best practices -- to create a new organization that is more aligned with what today's customers demand in custom-built homes."

With a reputation for exceptional quality, Streeter custom homes are recognized for their design-forward aesthetics, attention to detail, legendary craftsmanship, and ability to capture the homeowner's vision.

"Craftmanship is our passion," Streeter added. "Every home we build becomes a distinctive landmark and a meaningful experience. No two homes are alike. Our customers work directly with us and a team of architects, designers, tradesmen, landscape architects, and craftsmen to build one-of-a-kind homes. These people are the best of the best in our market and every one of us has an unyielding commitment to quality. That's what separates Streeter from everyone else."



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