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M/I Homes to acquire Pinnacle Homes

Ohio-based homebuilder M/I Homes Inc. agreed to acquire the residential homebuilding assets and operations of Pinnacle Homes of Michigan LLC for an undisclosed sum.

The deal, which marks M/I Homes' entry into the Detroit market, is slated for completion in March.

Pinnacle founder Howard Fingeroot will join M/I Homes and take charge of the Detroit market as area president, according to a release.

M/I Homes operates in Ohio, Indiana, Illinois, Minnesota, Florida, Texas, North Carolina and Washington, D.C. Pinnacle, which controls over 1,000 home sites, focuses on the Greater Detroit market.