United Homes Group Announces Acquisition of Homebuilding Business of Creekside Custom Homes
United Homes Group, Inc - Class A (UHG)
Company Research
Source: Business Wire
COLUMBIA, S.C.--(BUSINESS WIRE)--United Homes Group, Inc. (“UHG”) (NASDAQ: UHG), a leading homebuilder in the Southeast, today announced that it has acquired the homebuilding business and assets of Creekside Custom Homes, LLC, a home builder and land developer in the Coastal region of South Carolina. Creekside builds homes primarily in the rapidly growing Myrtle Beach market with a product set that aligns with the existing Great Southern Homes brand in the marketplace.“The Creekside acquisition nearly doubles our presence in the fast-growing Myrtle Beach market and allows UHG to control an attractive future lot position consistent with our land-light strategy,” said UHG Chief Executive Officer Michael Nieri. “The coastal markets in our footprint continue to benefit from a favorable quality of life and affordability that is driving in-migration from all over the country.”Jamie McLain, owner of Creekside, will stay on as the Coastal Division Land Manager of UHG’s associated land dev
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