The Dallas-headquartered residential homebuilder Landsea Homes Corp. (NASDAQ: LSEA) is acquiring Antares Homes, a Dallas-Fort Worth based homebuilder for $232.2 million in cash, which includes repayment of an anticipated $47.2 million of Antares Homes debt.
Upon closing of this transaction, Antares Homes employees are expected to become part of the Landsea Homes team. The transaction adds 2,298 of owned or controlled lots to Landsea Homes’ portfolio.
“Since entering Texas in 2021 and purchasing additional lots in August of last year, we have been searching for the right opportunity to significantly expand our presence in Texas, and today’s announcement achieves exactly that,” said John Ho, CEO of Landsea Homes. “Antares Homes shares our philosophy of building quality homes and providing exceptional customer service, making them the perfect addition to the Landsea Homes family.”
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