Reston Homebuilder Stanley Martin to Acquire United Homes for $221M

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Reston-based homebuilder Stanley Martin Homes has agreed to acquire Columbia, South Carolina-based United Homes Group in an all-cash transaction valued at approximately $221 million. The deal will pay United Homes shareholders $1.18 per share and take the company private once the transaction closes, which is expected in the second quarter of 2026.

Why it matters

The acquisition represents a strategic move by Stanley Martin to expand its presence in the Carolinas market, building on its recent purchase of Windsor Homes in North Carolina. The deal also highlights ongoing consolidation in the homebuilding industry as firms seek greater scale to manage land pipelines and rising development costs.

The details

Under the terms of the merger agreement, Stanley Martin will acquire United Homes in an all-cash transaction that values the company at around $221 million. United Homes shareholders will receive $1.18 per share in cash, a steep discount from the company's recent trading levels. The deal is subject to customary closing conditions and is expected to close in the second quarter of 2026. United Homes has been under scrutiny in recent months due to governance issues and questions around some of its regional projects.

• The merger agreement is expected to close in the second quarter of 2026.
• United Homes' board of directors and shareholders representing roughly 70% of the company's voting power have already approved the transaction.

What they’re saying

What’s next

The merger agreement requires customary closing conditions, and the transaction is expected to close in the second quarter of 2026. Once the deal is completed, United Homes will be delisted from the Nasdaq and its shares will be deregistered.