Landsea Homes Corporation (NASDAQ:LSEA), a leading residential homebuilder, today announced the completion of its acquisition of Antares Homes for approximately $242.5 million in cash, subject to customary post-closing adjustments.

This strategic purchase, which includes the repayment of an anticipated $43.2 million of Antares Homes debt, marks a significant expansion of Landsea Homes' footprint in the Texas market.

Antares Homes currently operates in 19 communities across 13 locations within the Dallas-Fort Worth area, including notable cities such as Fort Worth, Burleson, and Midlothian.

The acquisition is expected to integrate most of Antares Homes’ employees into the Landsea Homes team, further solidifying the company's commitment to growth and excellence in the region.