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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