South Carolina-based United Homes Group announced Monday that it has agreed to be acquired by rival homebuilder Stanley Martin Homes, in a deal guided by three firms that values the company at $221 million.

Paul Weiss Rifkind Wharton & Garrison LLP and Bradley Arant Boult Cummings LLP advised the company and a special board committee, while Maynard Nexsen PC advised the buyer. The all-cash deal will see shareholders receive $1.18 per share, per the parties' announcement.

"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," United Homes CEO Jack Micenko said in a statement. "We are proud of the platform our team has built and believe this combination represents the best outcome for our shareholders and an outstanding opportunity for our employees, trade partners and customers."

United Homes announced in May that it had appointed two key executives, Micenko and Chief Operating Officer Jeremy Pyle. In the same statement, the single-family homebuilder announced that it had appointed a special board committee tasked with exploring a potential sale of the company or its assets, or opportunities to refinance its debt.

In October, the company told investors that the special committee, alongside its legal and financial advisers, had unanimously determined that continuing to execute the company's strategic plans was the best path forward for United Homes, "in light of current macroeconomic conditions."

The transaction announced Monday will see United Homes acquired by a leading homebuilder in the Mid-Atlantic and Southeast regions. Stanley Martin Homes largely services entry-level homebuyers, first-time, move-up buyers and age-targeted or age-restricted buyers.

United Group told investors in November that it recorded 262 home closings in the third quarter of 2025, a 29% fall from the same period in 2024. The company reported net losses for the quarter of $7.3 million.

CEO Micenko attributed the results to affordability challenges and overall market conditions impacting the homebuilding industry.

The parties say they expect the transaction to close in the second quarter of 2026. Vestra Advisors served as financial adviser to the United Homes board.

"Stanley Martin's mission statement is 'To design and build homes people love at a price they can afford,'" Stanley CEO Steve Alloy said in a statement. "The combination of Stanley Martin and United Homes is a big step forward to deliver new housing at affordable prices to more prospective homebuyers."

United Homes Group is represented by Lara Solomons and Jeffrey Marell of Paul Weiss Rifkind Wharton & Garrison LLP and by Erin Reeves McGinnis of Bradley Arant Boult Cummings LLP.

Stanley Homes is represented by W. Leighton Lord III and Lee Kiser of Maynard Nexsen PC.