Tom Buffington
Tom Buffington (born January 3, 1945) is an American businessman who lives in Austin, Texas.
Biography[edit]
Early life and education[edit]
Tom Buffington was born on January 3, 1945, in Newport, Arkansas, to Dewey Buffington and Nora Franklin (née Armstrong) Buffington. Tom was the youngest of four boys and as a young boy spent time helping his father put up real estate signs on his properties. Tom attended Swanee Prep Academy where he lettered in both football and basketball. From there, Tom then went to the University of Arkansas where he majored in business.
Career[edit]
Buffington moved to Austin in 1968 after graduating from university and began his career in 1969 as a salesman for Nash Phillips Copus (NPC). NPC was an Austin-based national homebuilding company which eventually grew into the largest private homebuilder in the Southern United States. Tom rose through the ranks at NPC to eventually become president of NPC's Austin and Central Texas Division in 1980.
In 1987, Tom started his own homebuilding company, Buffington Homes, which went on to become the second largest homebuilding company in Austin, Texas. The success of Buffington Homes consisted of building 1,100 units per year and accumulating $150 million in annual revenue in Austin and San Antonio combined.
In 1996, Tom joined three national homebuilders forming The Fortress Group, a holding company that acquired and consolidated local and regional homebuilding companies. The Fortress Group became a nationwide homebuilding conglomerate with annual revenue of $1.6 billion leading it to be taken public at the close of 1996. Tom served as chief operating officer and as a company board member until his retirement in 1999.
In 2001, Tom co-founded Buffington Capital Holdings for the purpose of acquiring and developing property for master-planned communities in central Texas. Since its inception, the company has commenced development of fourteen master-planned projects totaling over 9,000 single-family home sites. In addition, the company has developed residential condominiums and a commercial retail center.
In 2007, Tom co-founded Buffington Signature Homes and Texas Classic Homes and re-entered the homebuilding business. As of 2009, the two companies have grown rapidly and are approaching $80 million per year in sales.
Tom has served on the board of two regional banks and on the board of KLRU, a public television station in Austin, Texas.
References[edit]
- http://www.free-press-release.com/news/200901/1231278015.html
- http://www.mahalo.com/kimberly-buffington
- http://www.mybuffington.com/
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