Stanley Martin Homes to acquire United Homes for $221M

Reston homebuilder Stanley Martin Homes has entered a definitive agreement to acquire South Carolina-based homebuilder United Homes Group in an all-cash deal worth $221 million, the former announced Monday.

The deal is expected to close in the second quarter of the year. Under the agreement, United Homes shareholders will receive $1.18 per share in cash.

“Stanley Martin’s mission statement is ‘to design and build homes people love at a price they can afford,’” Stanley Martin CEO Steve Alloy said in a statement. “The combination of Stanley Martin and United Homes is a big step forward to deliver new housing at affordable prices to more prospective homebuyers.”

United Homes was formed in 2023 when privately held builder Great Southern Homes went public. Great Southern Homes, which now operates as the main homebuilding brand under United Homes, primarily builds in South Carolina and Georgia and is expanding into North Carolina. Since its founding in 2004, Great Southern Homes has delivered about 11,000 homes.

The Stanley Martin acquisition announcement comes months after United Homes said in October 2025 it had completed a strategic review process and concluded, “in light of current macroeconomic conditions,” that it was in the company’s best interest to continue to operate as an independent, public company and not sell itself.

Around that same time, six directors resigned from United Homes’ board amid a dispute over the company’s leadership. Four directors said they would remain only if controlling stockholder and Executive Chairman Michael Nieri stepped down and gave full authority to the company’s management team. After Nieri declined, they resigned. Former South Carolina governor and presidential candidate Nikki Haley also left the board the same day, citing other professional commitments. A Securities and Exchange Commission filing from the company stated that her departure was not related to any disagreement with the company.

“This transaction delivers immediate and certain cash value to our shareholders while aligning United Homes with a highly respected, well-capitalized builder in Stanley Martin,” United Homes CEO and President Jack Micenko said in a statement. “We are proud of the platform our team has built and believe this combination represents the best outcome for our shareholders and an outstanding opportunity for our employees, trade partners and customers.”

United Homes reported $463.7 million in revenue in 2024, up from $421.5 million in 2023.
Once the transaction is complete, United Homes will become a subsidiary of Stanley Martin and will no longer be publicly traded. It was not immediately clear what would happen to United Homes’ leadership after the deal closes, and neither company immediately returned requests for comment.

Founded in 1966, Stanley Martin Homes has built more than 40,000 homes and operates in seven states: Virginia, Florida, Georgia, Maryland, North Carolina, South Carolina and West Virginia. Stanley Martin is a subsidiary of Daiwa House Group, a housing, construction and development company headquartered in Japan.