United Homes Group (NASDAQ:UHG) shares dropped nearly 50% in premarket trading Monday after the homebuilder revealed plans to be acquired by Stanley Martin Homes in an all-cash deal with an enterprise value of roughly $221 million.
Under the agreement, United Homes shareholders will receive $1.18 in cash per share, a significant discount to the company’s Friday closing price of $2.38. The transaction is anticipated to close in the second quarter of 2026, pending customary regulatory approvals and closing conditions.
The acquisition has received approval from United Homes’ Mergers & Acquisitions Committee as well as its Board of Directors. Once completed, the company will operate as a subsidiary of Stanley Martin Homes and its shares will be delisted from public markets.
“This transaction delivers immediate and certain cash value to our shareholders while aligning United Homes with a highly respected, well-capitalized builder in Stanley Martin,” said Jack Micenko, Chief Executive Officer of United Homes Group.
Steve Alloy, Chief Executive Officer of Stanley Martin, said the acquisition advances the company’s strategy to expand access to affordable housing, emphasizing its goal of designing and building homes that buyers value at attainable price points.
Vestra Advisors acted as exclusive financial advisor to United Homes Group’s Special Committee, with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as legal counsel. Maynard Nexsen is acting as legal advisor to Stanley Martin.