See every side of every news story
Published loading...Updated

Sumitomo Forestry to Consolidate Brightland Homes Under DRB Group

  • On March 28, 2025, Sumitomo Forestry America, Inc. Announced in Rockville, MD, their decision to reorganize and consolidate Dallas-based Brightland Homes under The DRB Group effective April 1, 2025.
  • Sumitomo Forestry America, Inc., which owns five US homebuilders, made this strategic move to bolster DRB Group and reshape its east coast footprint into one of national scale, expanding its reach into Texas, Arizona, Colorado, Tennessee, and Jacksonville, Florida.
  • DRB Group, led by CEO Ronny Salameh, has been expanding its market share and operational execution, building in 10 states along the east coast, and previously acquired Tampa-based Biscayne Homes in March 2024 to further its Florida footprint.
  • Ronny Salameh, CEO of DRB Group, stated, "Sumitomo Forestry's decision to consolidate Brightland Homes into DRB Group is not one we take lightly, and we are honored by the confidence they have placed in us," while Atsushi Iwasaki, President of Sumitomo Forestry America, Inc. Noted DRB Group's impressive operational execution and market share growth.
  • This merger expands DRB Group's footprint to 19 Divisional Operations in 14 States, 1,500 Employees, and nearly 9,000 Expected Settlements in 2025, presenting tremendous opportunities for the combined teams and company.
Insights by Ground AI
Does this summary seem wrong?

29 Articles

All
Left
1
Center
12
Right
2
BenzingaBenzinga
+26 Reposted by 26 other sources
Center

Sumitomo Forestry to Consolidate Brightland Homes Under DRB Group

ROCKVILLE, Md., March 28, 2025 /PRNewswire/ -- Sumitomo Forestry America, Inc. bolsters The DRB Group (The Development & Residential Building Group) by announcing their decision to reorganize and consolidate two homebuilding companies into one. As of April 1, Dallas based Brightland Homes will consolidate under the DRB Group. Sumitomo Forestry America, Inc. has ownership in five US homebuilders. The decision to reorganize Brightland Homes under…

·New York, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 80% of the sources are Center
80% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Nikkei broke the news in Japan on Friday, March 28, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.