Anthem Properties buys Calgary-based Cedarglen homes
Anthem stated that the two builders can support each other’s growth strategies.
Cedarglen Homes, a Calgary-based home builder founded 40 years ago, has been acquired by Anthem Properties.
Anthem noted that Cedarglen is recognized as one of Calgary’s top home builders, building and selling more than 300 homes per year.
They stated that dynamic synergy between Anthem and Cedarglen creates opportunities to support the growth strategy of both organizations.
“The acquisition of Cedarglen is a highly significant transaction for Anthem,” said Eric Carlson, Anthem core-founder and CEO. “It fortifies our position as an Alberta business and synergizes well with our Land division, and everything else we are doing in Calgary. Anthem and Cedarglen are well aligned on our growth strategy, Great People, culture, values, and process. This is a huge win-win, in every aspect.”
Anthem stated that for the foreseeable future the Cedarglen Homes brand, systems, processes, senior leadership team and partner relationships will continue to run as is, and the day to-day operations of Cedarglen Homes will run independently to Anthem and remain business as usual under the leadership of Howard Tse, President of Cedarglen Homes.
“This exciting partnership with Anthem Properties will open a world of opportunities for our employees and customers,” said Tse. “For our employees, it means joining a larger, dynamic company with a strong commitment to growth and development. For our customers, it means continued access to a wide range of high-quality homes in more communities in Calgary and the surrounding areas. We are confident that this partnership will be mutually beneficial and rewarding for everyone involved.”
Anthem explained that the immediate benefit between the two organizations is the shared knowledge of our market, systems and process.
“The potential future integration of our companies, people, culture, business strategies, systems and tools would only transpire in the event it became obvious to the senior leadership of both companies that doing so would materially enhance the success of the business,” said Anthem.
