Stanley Martin Holdings Acquires Prestige Corporate Development and Prestige Site Works
May 13, 2024
Stanley Martin Holdings, the Daiwa House-backed homebuilding platform, has acquired Charlotte-area land acquisition and development firm Prestige Corporate Development and site-construction contractor Prestige Site Works. The deal adds in-house land development, entitlement and sitework capabilities and secures a portfolio of roughly 8,050 lots, supporting Stanley Martin's growth plans in the Southeast.
- Buyers
- Stanley Martin Holdings
- Targets
- Prestige Corporate Development, Prestige Site Works
- Sellers
- Brian Mahoney (owner of Prestige), Prestige Corporate Development and Prestige Site Works (selling entities)
- Industry
- Construction
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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