Acquisitions · Homebuilding
Daiwa House to buy 82% of Virginia homebuilder Stanley-Martin
- Buyer
- Daiwa House Industry (via Daiwa House USA) (Osaka)
- Target
- Stanley-Martin Communities, Virginia
- Value
- About ¥26.3B including fees, for 82%
- Status
- Agreed on October 26, 2016; completion was planned for December 2016.
- Date
- 2016-10-26
Daiwa House Industry agreed to buy 82% of Stanley-Martin Communities, a homebuilder in Virginia, through its US subsidiary. The cost was about ¥26.3 billion including fees.
Why it matters
Stanley-Martin gives Daiwa House a homebuilding business in the Washington, D.C., area, a base it later expanded with further US builders.
Sources
Kakehashi M&A News home
