CalAtlantic Homes
 | |
| Industry | Home construction |
|---|---|
| Predecessors | Standard Pacific Homes and Ryland Homes |
| Founded | October 1, 2015 |
| Defunct | February 12, 2018 |
| Fate | Acquired by Lennar |
| Headquarters | Arlington, Virginia |
Key people | Scott D. Stowell, Chairman Larry T. Nicholson, CEO & President Jeff J. McCall, CFO |
Production output | 14,229 deliveries |
| Revenue |  $6.476 billion (2016) |
| $0.484 billion (2016) | |
| Total assets | $8.709 billion (2016) |
| Total equity | $4.207 billion (2016) |
Number of employees | 3,055 (2016)[1] |
| Footnotes / references [1] | |
CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed.[2] It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar.[3]
History
[edit]Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965.[4] Operations expanded to include San Diego in 1969,[5] Texas in 1978,[6] Arizona in 1998, Colorado in 2000, and Florida in 2002.
On October 1, 2015, Standard Pacific Homes and Ryland Homes merged to form CalAtlantic.[1]
In 2016, Builder Magazine named CalAtlantic its builder of the year.[7]
In June 2017, the company acquired Oakpointe, LLC and entered the Seattle market.[8][9][10]
In February 2018, the company was acquired by Lennar.[11][12]
References
[edit]- ^ a b c "CalAtlantic Group, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "The Top 100: 2018". Hanley Wood.
- ^ "Lennar buys CalAtlantic to become largest U.S. homebuilder". Reuters. October 30, 2017.
- ^ COLLINS, JEFF (September 14, 2015). "Standard Pacific-Ryland merger will create a homebuilding colossus". Orange County Register.
- ^ "Standard Pacific: A Great Choice In San Diego". San Diego Daily Transcript. June 1, 2000.
- ^ "Standard Pacific Homes ramps up Dallas-area operations". The Dallas Morning News. August 30, 2012.
- ^ McManus, John (May 9, 2016). "2016 BUILDER OF THE YEAR: CALATLANTIC GROUP". Hanley Wood.
- ^ "CalAtlantic Homes Enters Seattle Market" (Press release). PR Newswire. June 13, 2017.
- ^ COLLINS, JEFF (June 15, 2017). "CalAtlantic acquires Seattle homebuilding operation". Orange County Register.
- ^ Stiles, Marc (June 13, 2017). "Big homebuilder CalAtlantic Homes buys Kirkland firm to enter the Seattle market". American City Business Journals.
- ^ "Lennar Completes Strategic Combination with CalAtlantic" (Press release). PR Newswire. February 12, 2018.
- ^ Bandell, Brian (February 12, 2018). "Lennar becomes nation's largest homebuilder with acquisition of CalAtlantic". American City Business Journals.