Trumark Homes Acquires JK Monarch

Trumark Homes, the No. 67 company on the 2025 Builder 100 list, has expanded into the Pacific Northwest with the acquisition of Washington-based builder JK Monarch. The acquisition adds a Washington division for Trumark, joining existing teams in Northern, Central, and Southern California and Colorado. 

“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-CEO of Trumark Companies.

Co-founder and co-CEO Michael Maples said Trumark’s expansion into Washington is “an important milestone” for Trumark and a signal of where the San Ramon, California-based builder is headed. 

“By combining our operational infrastructure and resources with JK Monarch’s deep market knowledge and regional relationships, we aim to become one of the top home builders in the region,” Maples said. 

Founded in 2011 by Jonathan Bartels, JK Monarch is a private company with communities across the Puget Sound and Tri-Cities area with active developments in Puyallup, Tacoma, Gig Harbor, Bonney Lake, Lakewood, and Enumclaw in Washington. 

“This is a very exciting time for our company and our team as we join the Trumark Homes family,” Bartels said. “What attracted me to Trumark Homes was leadership, company values and culture, commitment to excellence, and dedication to customer satisfaction.”

Trumark said Bartels will serve in an advisory role during the transition process and the company anticipates bringing the broader JK Monarch team into the organization as part of the transition. JTW Advisors served as the exclusive financial advisor to JK Monarch on the acquisition. 

The JK Monarch acquisition marks another milestone during a period of significant growth for Trumark Homes dating back to 2020. The builder has partnered with Japanese company Daiwa House, started a greenfield operation in Colorado, acquired central California-based Wathen Castanos Homes, and acquired Icon Lending. Since 2020, the builder has achieved a compounded annual growth rate exceeding 60%. The company has also surpassed 1,000 in annual closings and achieved $1 billion in revenue annually over the past two years. 

In a conversation with BUILDER in November 2025, Nelson highlighted that M&A will continue to play a significant role in Trumark’s strategic operations and the builder is targeting a doubling of revenue by 2027, surpassing $2 billion.

“M&A is going to continue to be an important part of our growth plan,” Nelson told BUILDER. “With M&A efforts and the opportunities that we see in the western states, we think our revenue number could easily double again. We do plan on being a significant player in the western United States and contribute to the overall growth of Daiwa House’s group of companies within the United States.”

The Daiwa House Group’s U.S. portfolio consists of regional hubs: Stanley Martin Homes (No. 21 on the Builder 100) in the east, Texas-based CastleRock Communities (No. 49 on the Builder 100) and Trumark Homes in the west. Daiwa House has targeted supplying 10,000 single-family housing units across its U.S. operations by 2026.