Hancock Lumber acquires Tiny Homes of Maine
Hancock Lumber plans to acquire Tiny Homes of Maine, an Aroostook County-based manufacturer of tiny homes on wheels, according to a signed letter of intent that reveals an anticipated closing at the end of October.
According to Hancock, acquiring Tiny Homes of Maine will be a natural extension of the company's manufacturing capabilities, which includes Mainely Trusses roof and floor component manufacturing, wall panel production and eastern white pine sawmills. An emerging segment of the housing market, tiny homes and accessory dwelling units (ADUs) help accelerate the building cycle and provide more affordable and flexible housing options, per Hancock. Together, the teams will be able to leverage Hancock Lumber’s buying power, network of lumberyards and customers, as well as 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,” president and CEO Paul Wainman commented. “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.”
A family-owned business established in 2016, Tiny Homes of Maine has built its business designing, selling, manufacturing and delivering finished tiny homes, defined as movable structures that are 400 square feet or less. Current co-owners and co-founders, Corinne Watson and Tom Small, will plan to continue with Team Hancock and manage the Dyer Brook, Maine-based manufacturing facility, daily operations and team. The husband and wife duo bring a unique set of expertise to the team, including advanced home design, 3D modeling, engineering and lean manufacturing capabilities. The pair was also instrumental in passing legislation in Maine to set a single common building code standard for tiny homes.
Corinne and Tom shared the following, "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. 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.”
