Stanley Martin Homes to acquire North Carolina homebuilder

Stanley Martin Homes has entered into an agreement to acquire North Carolina-based Windsor Homes‘ assets and operations, the Reston homebuilder announced Wednesday.

The transaction is expected to close later this month. Financial details were not disclosed.

Based in Greensboro, North Carolina, Windsor Homes controls about 2,100 lots across the state’s Triad region, which includes Greensboro, Winston-Salem, High Point and Burlington, and in the coastal region around Wilmington.

Founded in 2001, Windsor Homes has built more than 4,000 homes. It has 270 homes under construction.

“Over the past 20-plus years, we’ve built a company rooted in building quality homes that meet the needs of individuals and families,” Windsor Homes President Tom Hall said in a statement. “Joining Stanley Martin Homes marks a new chapter for our team — one filled with opportunity, growth and shared success.”

The acquisition will increase the number of lots that Stanley Martin controls by approximately 25% in North Carolina and add 32 communities to its portfolio.

“This acquisition is a strategic step in our continued expansion across the Southeast,” Stanley Martin President Steve Alloy said in a statement. “We were immediately impressed by the leadership team at Windsor Homes, their commitment to quality and their alignment with our values and culture.”

Founded in 1966, Stanley Martin Homes has built more than 40,000 homes and operates in 15 metropolitan areas and 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.