M&A · Industrials · Operative Builders
Stanley Martin Homes, LLC to acquire United Homes Group, Inc.
Announced Feb 23, 2026 · Closed May 4, 2026
Deal value$221MEV $221M
Premium—To unaffected price
EV / Adj. EBITDA—0.5x EV / Revenue
ConsiderationAll cash$1.18 per share
Transaction
- Acquirer
- Stanley Martin Homes, LLC
- Target
- United Homes Group, Inc. (UHG)
- Buyer type
- Strategic
- Offer price per share
- $1.18
- Enterprise value
- $221M
- Status
- Closed May 4, 2026
Deal protections
- Break fee (target pays)
- $4.0M · 1.8%
- Reverse fee (buyer pays)
- $4.0M · 1.8%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Vestra Advisors
- Vestra Advisors fee
- $3.5M
Sector context · Industrials
- Comparable deals
- 94 in the prior 24 months
- Premium
- Sector median 35.0%
- EV / Adj. EBITDA
- Sector median 10.3x
- Break fee
- 1.8% vs. 2.5% sector median
Timeline
- AnnouncedFeb 23, 2026
- Proxy filedMar 31, 2026
- Definitive proxyApr 10, 2026
- Shareholder vote—
- ClosedMay 4, 2026
Valuation · fairness opinions
Trading comparables$0.80$2.20
Trading comparables$0.75$1.40
Discounted cash flow$0.95$2.30
Offer $1.18
Implied value per United Homes Group, Inc. share by analysis, from Vestra Advisors · DCF discount rate 12.7%–13.8%.