Stanley Martin Homes Completes Acquisition of United Homes Group

AI summary

RESTON, Va. & COLUMBIA, S.C.--(BUSINESS WIRE)--Stanley Martin Homes, LLC (“Stanley Martin Homes”) and United Homes Group, Inc. (“United Homes”) (NASDAQ: UHG) today announced that Stanley Martin Homes has completed its previously announced all-cash acquisition of United Homes for an enterprise value of approximately $221 million. With the completion of the transaction, United Homes became a wholly-owned subsidiary of Stanley Martin Homes. The transaction brings together two complementary homebui