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Trumark Homes Enters Pacific Northwest Market, Acquires JK Monarch
Trumark Homes, a Western U.S. homebuilder, announced that it is expanding into the Pacific Northwest with the acquisition of Washington-based homebuilder JK Monarch.
“We have targeted expansion into the Pacific Northwest for years, and with this acquisition of JK Monarch, we can capitalize on the strength of this market,” said Gregg Nelson, co-founder and Co-Chief Executive Officer of Trumark Companies.
Founded in 2011 by industry veteran Jonathan Bartels, JK Monarch is a private homebuilder actively building new home communities across the Puget Sound and Tri-Cities area, with ongoing developments in Puyallup, Tacoma, Gig Harbor, Bonney Lake, Lakewood, and Enumclaw.
Trumark Homes anticipates bringing the broader JK Monarch team into the organization as part of the transition. Bartels will serve in an advisory role during the transition. JTW Advisors served as the exclusive financial advisor to JK Monarch on the acquisition.
