Mattamy Homes founder launches modular building company

SAMI will focus on the advanced manufacturing of residential building components.

Key Takeaways:

  • Stelumar Advanced Manufacturing Inc. (SAMI), backed by Mattamy Asset Management and founded by Peter Gilgan, aims to increase the supply of modular homes in Canada through automation, robotics, and AI.
  • Although SAMI has a strategic relationship with Mattamy Homes as both investor and future client, it will operate independently and serve a wide range of homebuilders.
  • SAMI plans to open a cutting-edge facility in the Greater Toronto Area, with the goal of producing thousands of homes annually to address housing affordability and align with government priorities on modular construction.

The Whole Story:

A new company backed by Mattamy Asset Management is aiming to increase the supply of modular housing in Canada by leveraging automation, robotics, and artificial intelligence.

Stelumar Advanced Manufacturing Inc. (SAMI) has been launched by entrepreneur Peter Gilgan, the founder of Mattamy Homes. The company will focus on the advanced manufacturing of residential building components such as modules, wall panels, floor systems, cabinetry, and millwork. These prefabricated parts are intended to streamline construction and reduce costs.

SAMI plans to open a manufacturing facility in the Greater Toronto Area next year. The company says it will be one of the most advanced and automated modular housing plants in North America.

While SAMI has a strategic relationship with Mattamy Homes – both as an investor and future customer – it will operate independently and serve a broad range of homebuilders.

“We started to seriously look at the opportunity in the last couple of years,” Gilgan said in a statement. “What I think about is the young couple who wants a home where they can live and raise a family, and right now they’re facing a situation where there isn’t enough supply of quality homes and what there is they can’t afford – that’s what this is all about.”

Mattamy Asset Management Chair Kathleen Taylor said the investment aligns with the firm’s focus on addressing housing affordability in Canada.

SAMI says it intends to work with all three levels of government to scale up production and deliver thousands of new homes annually. The company also noted that its plans align with federal goals around increasing the use of modular construction.

“The team is excited about the prospects to make a real difference,” said Peter Hass, General Manager of SAMI. “By harnessing advanced manufacturing and data-driven design, we have an opportunity to build faster, smarter and more sustainably.”

SAMI will operate as a separate entity from Mattamy Homes.

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