Acquisition adds 25+ communities to the company's Houston operations
GREENWOOD VILLAGE, Colo., July 31,
2024 /PRNewswire/ -- Century Communities, Inc.
(NYSE:CCS)—one of the nation's largest homebuilders, an industry
leader in online home sales, and the highest-ranked homebuilder on
Newsweek's list of America's Most Trustworthy Companies 2024—today
announced the acquisition of substantially all the assets of Anglia
Homes, LP ("Anglia Homes").
Century Communities has been active as a major homebuilder in
the Houston market since 2014.
With the acquisition of Anglia Homes, Century Communities more than
doubles its community count in Greater
Houston, adding 25+ communities while also strengthening its
position and becoming one of the top five homebuilders in the metro
area. Going forward, Anglia Homes' operations and assets—consisting
of one- and two-story single-family floor plans from the mid $200ks
to the high $400ks—will be transitioned to the Century Communities
brand, with available homes featured on Century Communities'
website.
"Consistent with our strategy of increasing depth within
existing markets in a land-light manner, this acquisition cements
Century as a top five builder in the Houston metro, while also increasing our
go-forward access to capital-efficient finished lots," said
Jim Francescon, Executive Vice
President of Century Communities. "We want to congratulate
Mike Manners, James Hunter, and Thomas
Manners for all they have accomplished in building Anglia
Homes and welcome the Anglia Homes team to the Century family."
"We're excited to continue on our strong track record of growth
with our second homebuilder acquisition this year and the ninth in
Century's history," said Scott
Dixon, Chief Financial Officer of Century Communities.
"Houston has been one of our
strongest-performing metro areas for the past 10 years, and we're
confident that Anglia Homes is the perfect addition to continue
executing on our strategy of profitable growth with high quality,
affordable single-family homes in this dynamic market."
"Since 2008, our focus has been on quality, location,
affordability, and design in order to provide our customers with
the best homebuying experience," said Mike
Manners, Chairman of Anglia Homes. "Century Communities not
only shares those values, but continually pushes to make the dream
of homeownership more accessible. We couldn't be prouder to have
Anglia be part of the Century family."
Whelan Advisory served as the exclusive financial advisor for
Anglia Homes.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's
largest homebuilders, an industry leader in online home sales, and
the highest-ranked homebuilder on Newsweek's list of America's Most
Trustworthy Companies 2024, consecutively awarded for a second
year. Through its Century Communities and Century Complete brands,
Century's mission is to build attractive, high-quality homes at
affordable prices to provide its valued customers with A HOME FOR
EVERY DREAM®. Century is engaged in all aspects of homebuilding —
including the acquisition, entitlement and development of land,
along with the construction, innovative marketing and sale of
quality homes designed to appeal to a wide range of homebuyers. The
Company operates in 18 states and over 45 markets across the U.S.,
and also offers title, insurance and lending services in select
markets through its Parkway Title, IHL Home Insurance Agency, and
Inspire Home Loans subsidiaries. To learn more about Century
Communities, please visit www.centurycommunities.com.
About Anglia Homes
Founded in 2008 by Mike Manners,
James Hunter, and Thomas Manners, Anglia Homes, LP, builds
single-family homes in Houston,
Texas. The company is known for constructing high-quality
homes across several communities with a focus on the entry-level
and move-up segment. The company exclusively purchases finished
lots from its strong network of local developers in standalone
communities and larger master plans.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and, as such, may involve known and unknown risks,
uncertainties and assumptions. Forward-looking statements may be
identified by the use of words such as "anticipate," "believe,"
"expect," "estimate," "plan," "outlook," and "project" and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
historical information available at the time the statements are
made and are based on management's reasonable belief or
expectations with respect to future events, and are subject to
risks and uncertainties, many of which are beyond the Company's
control, that could cause actual performance or results to differ
materially from the belief or expectations expressed in or
suggested by the forward-looking statements. Forward-looking
statements speak only as of the date on which they are made and the
Company undertakes no obligation to update any forward-looking
statement to reflect future events, developments or otherwise,
except as may be required by applicable law. Investors are referred
to the Company's Annual Report on Form 10-K for additional
information regarding the risks and uncertainties that may cause
actual results to differ materially from those expressed in any
forward-looking statement.
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SOURCE Century Communities, Inc.