RESTON, Va., Feb. 12, 2020 /PRNewswire/ --Stanley-Martin Communities, LLC announced today it has entered into an agreement to acquire the homebuilding assets of Essex Homes in North Carolina and South Carolina. The transaction is expected to close by the end of February 2020.
Columbia-based Essex Homes was founded in 1985 in Aiken, South Carolina, by Karl Haslinger. During the subsequent 34 years, Essex grew to become one of the largest homebuilders in the southeastern United States, with homebuilding operations in Columbia, Charlotte, Greenville, North Augusta, and Brunswick County. For the twelve months ending December 31, 2019, Essex closed 853 homes and controlled 8,332 lots. Karl Haslinger will join Stanley Martin as a Regional President and continue to manage operations in the former Essex Homes markets.
"Essex Homes is a perfect match for Stanley Martin. The markets in which Essex Homes builds are some of the strongest housing markets in the U.S. Karl and his team have done an outstanding job, and their commitment to quality construction and superior home design is impressive. We look forward to their joining our team as we work together to continue expanding our operations and delivering outstanding quality for our customers," said Steven Alloy, President of Stanley Martin.
Karl Haslinger, President and Chief Executive Officer of Essex Homes, said, "Essex started as a custom homebuilder and over the last 34 years has grown to become a much larger builder operating in multiple markets. I am proud of what we have done and our success is the result of the hard work of many on our team. My conversation with Steve started with values, culture and the importance of people to Stanley Martin. I am excited about joining a company that shares our values, the opportunity for the employees of Essex to advance and most importantly an unwavering commitment to the homebuyer."
Founded in 1966, Stanley-Martin Communities, LLC is one of the leading homebuilders in the southeastern United States. The company builds in six metro areas: Washington D.C., Richmond, Charlottesville, Raleigh, Charleston, and Atlanta. Stanley Martin builds a wide selection of new housing options, including condominiums, townhomes, and single-family detached homes. The company combines a commitment to excellent design with outstanding quality construction, alongside exceptional customer service. For the twelve months ending December 31, 2019, Stanley Martin closed 1,774 homes and controlled 14,917 lots.
Stanley-Martin Communities, LLC is a subsidiary of the Daiwa House Group, which is headquartered in Japan and is one of the largest housing and construction companies in the world.
About Stanley Martin HomesHeadquartered in Reston, Virginia, Stanley Martin Homes builds new condos, townhomes and single-family homes in Maryland, Northern Virginia, West Virginia, Charlottesville, Richmond, Raleigh, Atlanta and Charleston. Founded in 1966, Stanley Martin has been building homes and neighborhoodswith quality and craftsmanshipfor more than 53 years. For more information, visitwww.StanleyMartin.com.Guildmaster Award Winner:2009, 2010, 2011, 2012, 2013, 2016, 2017, 2018MHBR No. 3588
SOURCE Stanley Martin Homes
See the original post:
Stanley Martin Homes to Acquire the Operations of Essex Homes - PRNewswire
- These businesses say they can't keep up with consumer demand without immigrant workers. Americans just don't want ... - WICZ - March 23rd, 2024 [March 23rd, 2024]
- Builder Sentiment Rises Above Breakeven Point | NAHB - National Association of Home Builders - March 23rd, 2024 [March 23rd, 2024]
- Builder Sentiment Rises on Falling Interest Rates - National Association of Home Builders - December 20th, 2023 [December 20th, 2023]
- Meet the Dabbert Custom Homes Team! - Fargo Monthly Magazine - December 11th, 2023 [December 11th, 2023]
- Homebuilding Experts Team up to Launch Custom Home Building Start-up in April - Yahoo Finance - April 29th, 2023 [April 29th, 2023]
- WUHS grad named first female COO of Yankee Barn Homes - The Vermont Standard - April 29th, 2023 [April 29th, 2023]
- Powell family's home is not your ordinary build: Catone's new home ... - Powell Tribune - April 29th, 2023 [April 29th, 2023]
- Alair Homes Announces Environmental Stewardship Commitment with Watauga Riverkeeper; Kicks Off with Planting Native Trees in Floodplains - High... - April 29th, 2023 [April 29th, 2023]
- The enlightening truth on why lighting is a top design element - TownLift - April 29th, 2023 [April 29th, 2023]
- Ambrosic Home Theater Designs, LLC Assists Locals in Realizing ... - Digital Journal - April 29th, 2023 [April 29th, 2023]
- This Very Pretty Santa Barbara Modern Villa Raises The Bar For ... - Candy's Dirt - April 29th, 2023 [April 29th, 2023]
- St. Tammany property transfers April 4-10, 2023. See a list of home and other sales - NOLA.com - April 29th, 2023 [April 29th, 2023]
- Custom Home Builders in Maryland, Castle Rock Builders - May 2nd, 2022 [May 2nd, 2022]
- Seagate to Break Ground on Custom Home in Talis Park - Naples Daily News - May 2nd, 2022 [May 2nd, 2022]
- For the Record | Building permits issued in March - wenatcheeworld.com - May 2nd, 2022 [May 2nd, 2022]
- Find the perfect piece for your home or office at Hickory Furniture Mart - WCNC.com - May 2nd, 2022 [May 2nd, 2022]
- Buckhead midcentury home full of creative touches - The Atlanta Journal Constitution - May 2nd, 2022 [May 2nd, 2022]
- What are the three types of kitchen remodels? - Bankrate.com - May 2nd, 2022 [May 2nd, 2022]
- Digital transformation: 3 outdated tips to ignore - The Enterprisers Project - May 2nd, 2022 [May 2nd, 2022]
- Discover Luxury Estates by CBIA's Builder of the Year, Stock Custom Homes - Florida Weekly - February 14th, 2021 [February 14th, 2021]
- #ASKSETHANYTHING: Forget the bidding war can we just build a house? [Column] - The Delaware County Daily Times - February 14th, 2021 [February 14th, 2021]
- Who's building where in Acadiana? Here are the building permits Issued Feb. 1-5 - The Advocate - February 14th, 2021 [February 14th, 2021]
- WATCH: Star Trek and Doctor Who fan documents his process of building custom, working sets in his basement - Daily Star Trek News - February 14th, 2021 [February 14th, 2021]
- Irons Brothers Construction wins Remodeling Excellence Awards - My Edmonds News - February 9th, 2021 [February 9th, 2021]
- Co-starring in Malcolm & Marie, the stunning Monterey County home where the movie is set - SF Chronicle Datebook - February 9th, 2021 [February 9th, 2021]
- Whats It Like to Sleep in a Hexagon? - The New York Times - February 9th, 2021 [February 9th, 2021]
- Custom home in Franktown puts focus on health - Centennial Citizen - February 6th, 2021 [February 6th, 2021]
- Names and Faces - Seacoastonline.com - February 6th, 2021 [February 6th, 2021]
- Bainbridge home offers plenty of space inside and out for $1.2M: House of the Week - cleveland.com - February 6th, 2021 [February 6th, 2021]
- Renovating Your Home? These 4 Things Are In Short SupplyAnd Could Cost You Time, Money - Forbes - February 6th, 2021 [February 6th, 2021]
- This Brutalist mansion in Rhode Island is headed to auction - Boston.com - Boston.com - February 6th, 2021 [February 6th, 2021]
- Capstone Homes: The business of building lives - Arizona Daily Sun - December 10th, 2020 [December 10th, 2020]
- Enron exec's former home is back on the market - Chron - December 10th, 2020 [December 10th, 2020]
- Breaking News - Jesse James Pushes Custom Builds to the Limit in "Monster Garage", Premiering January 4 on discovery+ - The Futon Critic - December 10th, 2020 [December 10th, 2020]
- The first round of custom AMD RX 6900 XT graphics cards includes one with triple 8-pin power - PC Gamer - December 10th, 2020 [December 10th, 2020]
- Cedar & Sage Homes can create anyone's dream home without the stress and headache of homebuilding. - Press Release - Digital Journal - December 4th, 2020 [December 4th, 2020]
- Travis Barker's Custom Slingshot Delivers 'Best of the Builders' Title to the West Coast - Business Wire - December 4th, 2020 [December 4th, 2020]
- 3 of the Most Expensive Homes for Sale in the Park Hills Area - Daily Journal Online - December 4th, 2020 [December 4th, 2020]
- Your new house could cost less if the U.S. and Canada keep working through their lumber trade dispute - Oklahoman.com - December 4th, 2020 [December 4th, 2020]
- The Huge Trend Behind the Most Important Housing Chart Investors Might Ever See - The Motley Fool - December 4th, 2020 [December 4th, 2020]
- Lighting, Stars Transform Budget Theater Build into Award-Winning Install - CEPRO - CEPro - December 4th, 2020 [December 4th, 2020]
- Gaithersburg building supply company TW Perry to be acquired - WTOP - December 4th, 2020 [December 4th, 2020]
- HIA State Housing Awards: City Beach home named best in the State - PerthNow - December 4th, 2020 [December 4th, 2020]
- Lofty Building Group Welcomes the Federal Government's HomeBuilder Grant Extension but Urges Eligible South Australians to Act Quickly to Avoid... - December 4th, 2020 [December 4th, 2020]
- Vegas builders say there is pent-up demand for luxury - Las Vegas Review-Journal - November 11th, 2020 [November 11th, 2020]
- OHBA CONGRATULATES 2020 AWARDS OF DISTINCTION WINNERS - GlobeNewswire - November 11th, 2020 [November 11th, 2020]
- Lack of Inventory, Higher Prices Push Housing Affordability to 2-Year Low - World Property Journal - November 11th, 2020 [November 11th, 2020]
- Parade of Homes, retooled for the times, begins Saturday - Greater Wilmington Business Journal - November 11th, 2020 [November 11th, 2020]
- 9 Most Incredible Homes of 2020 - Gotham Magazine - November 11th, 2020 [November 11th, 2020]
- Experts lay out the hot 2021 kitchen trends to be found at new Dallas community - CultureMap Dallas - November 11th, 2020 [November 11th, 2020]
- 2020 Polk County Fall Parade of Homes opens Saturday: Here are the winners - The Ledger - November 11th, 2020 [November 11th, 2020]
- Maxwell House Announces $200000 Donation, Multiyear Partnership With Operation FINALLY HOME to Build Homes for Veterans in Need - Business Wire - November 11th, 2020 [November 11th, 2020]
- Permits in hand and a dedicated construction team ready, Residence 63 is a rare build-to-suit opportunity for a fully specified, sustainable, and... - November 11th, 2020 [November 11th, 2020]
- Global Tiny Homes Market 2020 COVID-19 Analysis, Industry Size, Share and 2026 Future Opportunity By Incredible Tiny Homes, Build Tiny, Contained, Big... - November 11th, 2020 [November 11th, 2020]
- Impact Of Covid 19 On Tiny Homes Industry 2020 Market Challenges, Business Overview And Forecast Research Study 2026 - TechnoWeekly - November 11th, 2020 [November 11th, 2020]
- Why hasn't prefab construction taken over yet? - Fast Company - October 10th, 2020 [October 10th, 2020]
- Who's building where in Acadiana? Here are the building Permits Issued Sept. 28-Oct 2. - The Advocate - October 10th, 2020 [October 10th, 2020]
- Silverado RanchMiles of beautiful trails and scenic lots. See it today - Colorado Springs Gazette - October 10th, 2020 [October 10th, 2020]
- 47 of the Most Expensive Homes for Sale in Northwest Indiana - nwitimes.com - October 10th, 2020 [October 10th, 2020]
- Before & After: A Renovated Iowan Midcentury House Impresses With an Affordable $330K Price Point - Dwell - October 10th, 2020 [October 10th, 2020]
- Nearly 100 home, builder lots sell in community in 2020 - Business Observer - September 20th, 2020 [September 20th, 2020]
- Underlying causes and intervention: District 6 candidates talk treating addiction - Johnson City Press (subscription) - September 20th, 2020 [September 20th, 2020]
- On the Market: Custom-built colonial in Westport for $2.8M - Westport News - September 20th, 2020 [September 20th, 2020]
- Whered the wood go? Lumber is the latest COVID victim - SouthCoastToday.com - September 20th, 2020 [September 20th, 2020]
- Wayne Homes Releases Two New Floor Plans, the Albany and the Savannah - PR Web - September 13th, 2020 [September 13th, 2020]
- Who's building where in Lafayette? Here are the building permits issued for Aug. 31-Sept. 4 - The Advocate - September 13th, 2020 [September 13th, 2020]
- Where is Hidden Potential Filmed? HGTV Show Filming Locations - The Cinemaholic - September 13th, 2020 [September 13th, 2020]
- A New Contemporary House in California Clings to the Cliffs Overlooking the Pacific - Mansion Global - September 13th, 2020 [September 13th, 2020]
- Meet the New Caregiver: Your Home - The New York Times - September 13th, 2020 [September 13th, 2020]
- The Future Is in the Cloud... And There's No Turning Back - DailyWealth - September 13th, 2020 [September 13th, 2020]
- Whered the wood go? Lumber is the latest COVID victim - The Providence Journal - September 13th, 2020 [September 13th, 2020]
- Another Huge Week for Home Sales - Large and Small - Scarsdale10583.com - September 13th, 2020 [September 13th, 2020]
- We talked to the fan experts at Noctua about the unique cooling in the Xbox Series X and Series S - PC Gamer - September 13th, 2020 [September 13th, 2020]
- Hampton Journal real estate transactions for the week of Aug. 30 - TribLIVE - August 30th, 2020 [August 30th, 2020]
- New $300 boosted unemployment arrives in Arizona, but not without headaches and confusion - CNBC - August 30th, 2020 [August 30th, 2020]
- Adding to this Linwood homes value is a treasure trove of hidden features - Press of Atlantic City - August 30th, 2020 [August 30th, 2020]
- The price of lumber soars to unprecedented level - WKRN News 2 - August 30th, 2020 [August 30th, 2020]
- HBA of FM: Home is the Nicest Word There Is - Design & Living Magazine - June 6th, 2020 [June 6th, 2020]
- Covid-19 Has Changed Home Building in the Age of Telecommuting - Patch.com - June 6th, 2020 [June 6th, 2020]
- Home Builders Association of Delaware Honors Schell Brothers with Numerous Regal Awards - GlobeNewswire - May 22nd, 2020 [May 22nd, 2020]