Hancock Lumber Signs Letter of Intent to Acquire Tiny Homes of Maine

Hancock Lumber, headquartered in Casco, Maine, announced on Tuesday that it has signed a letter of intent and plans to acquire Tiny Homes of Maine, an Aroostook County-based manufacturer of tiny homes on wheels. Closing is anticipated at the end of October.

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, the company said.

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. 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.

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 continue with 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.