Sekisui House and M.D.C. Holdings Announce Combination to Create a Top Five Homebuilder in the U.S.
Sekisui House, a leading Japanese homebuilder, has agreed to acquire M.D.C. Holdings, a major U.S. homebuilder, in an all-cash deal valued at $4.9 billion. Sekisui House will pay $63 per MDC share, a 19% premium over MDC’s January 17, 2024 closing price. The acquisition, expected to close in the first half of 2024, will make Sekisui House the fifth-largest homebuilder in the U.S. and help it meet its goal of delivering 10,000 homes outside Japan by 2025.
The deal is set to enhance MDC’s ability to deliver higher-quality homes by leveraging Sekisui House’s advanced Japanese building technologies. It will also expand Sekisui House’s presence in the U.S. market and support its global vision of making “home the happiest place in the world.” The acquisition is anticipated to create new growth opportunities, improve efficiency, and benefit both companies’ shareholders and employees.
Vestra Advisors, LLC acted as the exclusive financial advisor to MDC.