Stanley Martin Homes, has reached a definitive agreement to acquire United Homes Group (NASDAQ:UHG) in an all-cash transaction with an enterprise value of approximately $221 million, the companies announced Monday.
Under the terms of the deal, United Homes shareholders will receive $1.18 per share in cash.
The offer price represents a significant discount to Friday’s closing price of $2.38, reflecting the company’s recent financial headwinds and a strategic move to provide "certain cash value" amid a challenging market for smaller builders.
The acquisition, approved by a Special Committee and the United Homes Board of Directors, has already secured written consent from shareholders holding roughly 70% of the company's voting power.
Upon completion, United Homes will become a private subsidiary of Stanley Martin and will be delisted from the Nasdaq.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.