Zonda and BDX

  • On February 21, 2024 Zonda entered into an agreement to acquire Builders Digital Experience (“BDX”) which includes NewHomeSource.com
    • The deal combined one of the housing industry’s most comprehensive data providers with the largest portal for new construction listings
  • BDX’s parent Company, Builder Homesite (“BHI”) has been dedicated to bringing digital solutions to the homebuilding industry since 2000
    • BHI was formed by 24 U.S. builders and in addition to BDX operates EX Squared Solutions (“EX2”), which was excluded from the transaction
  • The transaction creates a unique end-to-end digital home shopping platform, from lot selection to interior customization
    • Provides homebuilder customers a higher volume of quality leads and deeper engagement with potential homebuyers
  • Vestra advised BHI’s Board of Directors on its review of strategic alternatives, transaction structuring, negotiation and consortium approvals