New Home Co. to Acquire Landsea Homes Corporation
New Home Co. has agreed to acquire Landsea Homes Corporation in an all-cash transaction valued at $1.2 billion, or $11.30 per share. This merger will create a privately held, top-25 national homebuilder operating across 10 high-growth markets, including Arizona, California, Colorado, Florida, Oregon, Texas, and Washington. The combined company aims to deliver nearly 4,000 annual home closings, leveraging both companies’ strengths in quality construction, customer experience, and operational efficiency.
According to Landsea Homes, “The transaction has been unanimously approved by the Landsea Homes Board of Directors and is expected to close early in the third quarter of 2025, subject to customary closing conditions, including the tender of Landsea Homes shares representing a majority of its outstanding common stock to New Home. Following the successful completion of the tender offer, New Home will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price.”
