United Homes Group Announces Acquisition of Homebuilding Business of Creekside Custom Homes
30 January 2024 - 8:30AM
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 developer, and the
Creekside team will join Great Southern Homes’ Coastal division.
Born and raised in South Carolina, McLain formed Creekside in 2004.
He is a graduate of Clemson University and is a Horry County native
with over 20 years of building and land development experience. “I
am very pleased to be joining the UHG/Great Southern Homes team,”
said McLain. “It’s exciting to be a part of the UHG story early in
their evolution as a public company. The homebuilding business is
one that benefits from scale, and this combination will go a long
way towards achieving that in the region.”
“The acquisition of Creekside meaningfully improves our market
share in the Coastal South Carolina market and is consistent with
our strategic vision following the acquisition of the Herring Homes
team in August and Rosewood Communities in October,” said Jack
Micenko, President of UHG. “Jamie and his team have a proven track
record in identifying and developing successful communities
in-market, and by partnering together we expect to accelerate
growth at the Coast in coming years.”
About United Homes Group, Inc.
UHG is a publicly traded residential builder headquartered in
Columbia, SC. The company currently operates and builds new home
communities located across South Carolina, North Carolina and
Georgia. UHG has been recognized as one of the top 50 builders by
Builder magazine.
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Investor Relations Contact: Drew Mackintosh
drew@mackintoshir.com Mobile: 310-924-9036
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