Trumark Homes, the San Ramon, California-based homebuilder, announced it is expanding into the Pacific Northwest with the acquisition of Sumner, Washington-based homebuilder JK Monarch.
According to Trumark, this acquisition will expand the company’s footprint in the Western states with a new Washington Division joining the existing teams in Northern, Central, and Southern California and Colorado.
Trumark Homes anticipates bringing the broader JK Monarch team into the organization as part of the transition, with JK Monarch founder Jonathan Bartels serving in an advisory role during the transition. The financial terms of the deal were not disclosed.
“This is a very exciting time for our company and our team as we join the Trumark Homes family,” said Bartels, who founded JK Monarch in 2011. “What attracted me to Trumark Homes was the leadership, company values and culture, commitment to excellence and dedication to customer satisfaction. I am excited about the opportunity this provides our team members and trade partners.”
Michael Maples, co-founder and co-CEO of Trumark Companies, stated, “Our strategic growth into the Washington market is an important milestone for Trumark Homes, both historically and as a nod to where our company is headed. By combining our operational infrastructure and resources with JK Monarch’s deep market knowledge and regional relationships, we aim to become one of the top homebuilders in the region.”
