Stanley Martin Homes and United Homes Group (UHG)announced that Stanley Martin Homes has completed its previously announced all-cash acquisition of United Homes for an enterprise value of approximately $221M. With the completion of the transaction, United Homes became a wholly-owned subsidiary of Stanley Martin Homes. The transaction brings together two complementary homebuilders with a shared focus on delivering attainable housing across high-growth markets in the Southeast. The combination expands Stanley Martin Homes’ regional footprint while strengthening its ability to serve entry-level and first-time move-up buyers. United Homes’ common stock has ceased trading on the Nasdaq Stock Market. United Homes shareholders will receive $1.18 per share in cash for each share of United Homes common stock they owned.
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