Hancock Lumber plans to acquire Tiny Homes of Maine, a manufacturer of tiny homes on wheels. The acquisition is anticipated to close at the end of October.
Hancock Lumber said the acquisition of Tiny Homes of Maine is a natural extension of its manufacturing capabilities, which includes Mainely Trusses roof and floor component manufacturing, wall panel production, and eastern white pine sawmills. The teams at Hancock and Tiny Homes of Maine will work to leverage Hancock’s buying power, network of lumberyards, and manufacturing expertise to scale and grow the business while honoring Tiny Homes of Maine’s mission to make the tiny home dream attainable for more individuals.
“Anytime Hancock Lumber evaluates a new partnership, it must be a good cultural fit and align with our strategic priorities,” Hancock Lumber president and CEO Paul Wainman said. “Tiny Homes of Maine is a natural extension of our component manufacturing and value-added construction initiatives, helping alleviate housing demand issues and offer more affordable options. Additionally, Corinne and Tom’s expertise and experience will bring tremendous value to our organization. We are confident the companies will complement one another and together we’ll be able to scale and grow the tiny home business.”
Established in 2016, Tiny Homes of Maine designs, sells, manufactures, and delivers finished tiny homes, defined as movable structures that are 400 square feet or less. Co-owners and co-founders Corrine Watson and Tom Small plan to continue with Hancock and manager the Dyer Brook, Maine-based manufacturing facility and daily operations.
“We’ve spent a lot of time reflecting on our vision for Tiny Homes of Maine’s future and we believe that Hancock Lumber is the ideal partner to help us realize our long-term goals,” Corinne Watson and Tom Small said. “Their commitment to quality and innovation mirrors our own—with their resources and support, we can focus on implementing innovative ideas and streamline our operations with additional LEAN manufacturing processes. We are eager to embark on this journey together and are confident that this partnership will enable us to elevate our business, better serve our customers, and bring about significant advancements in the tiny home industry.”
