Japanese homebuilder Sekisui House Ltd. has agreed to acquire US homebuilder MDC Holdings Inc. for $4.9 billion, marking a significant move in its efforts to diversify beyond Japan and signaling a trend of larger M&A deals in the industry.
Sekisui House, a top-tier house manufacturer in Japan, has announced a definitive agreement to acquire M.D.C. Holdings, one of the leading homebuilders in the U.S., in an all-cash transaction valued at $4.9 billion. The acquisition will create the fifth largest homebuilder in the U.S., expanding Sekisui House's presence and advancing its global vision to "make home the happiest place in the world." The transaction is expected to accelerate Sekisui House's goal of supplying 10,000 homes outside of Japan by FY2025 and bring enhanced capacity to deliver single-family houses to meet growing U.S. housing needs.