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. It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar.[2]
History
Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965.[3] Operations expanded to include San Diego in 1969,[4] Texas in 1978,[5] 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]
Recognition
In 2016, Builder Magazine named CalAtlantic its builder of the year.[6]
In 2018, it was the 4th largest homebuilder in the United States by number of homes closed.[7]
Acquisitions
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
- ^ a b c "CalAtlantic Group, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "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.
- ^ "The Top 100: 2018". 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.