Landsea Homes Corp LSEA:NASDAQ

Last Price$7.82NASDAQ Previous Close - Last Trade as of 4:00PM ET 5/13/22

Today's Change-0.01(0.13%)
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Ask (Size)N/A (N/A)
Day Low / High$7.74 - 7.99
Volume42.4 K

Landsea Homes Acquires Hanover Family Builders

7:23AM ET 1/19/2022 MT Newswires
Landsea Homes (LSEA), a residential homebuilder, said Wednesday that it has acquired Hanover Family Builders, an Orlando, Fla.-based homebuilder for $179.3 million.

The deal price is subject to certain post-closing adjustments and the assumption of debt of about $69.3 million.

Hanover closed 632 homes at an average selling price of $328,323 and ended the year with more than 4,100 lots under control, 469 homes in backlog worth more than $200 million, and 18 active communities.