As the equity markets remain challenging, Great Southern Homes has chosen to access public capital via a business combination with the special purpose acquisition company (SPAC) DiamondHead Holdings Corp. The merger was approved by shareholders last week and will be listed under the name United Homes Group (NASDAQ: UHG).
This combination introduces one of the country's fastest growing builders as a publicly listed company and provides the United Homes Group with an influx of new capital to expand into high-growth markets of the Southeast. The company is already the 45th largest builder in America, delivering over 1,700 homes annually in communities across South Carolina.
United Homes Group is looking to deploy their newfound capital by acquiring builders throughout the Southeast. Builder Advisor Group has advised on over 100 M&A transactions, including 15 builder sale transactions in the last two years. Please contact us directly if you're interested in a confidential meeting to discuss strategic alternatives for your business.