Standard Pacific and Ryland Group Announce Merger

The merger will create a company with equity market capitalization of about $5.2 billion
June 15, 2015
Standard Pacific and Ryland Group Announce Merger
Standard Pacific and Ryland Group Announce Merger

Home builders Standard Pacific Corp. and Ryland Group Inc. have agreed to merge in an all-stock transaction, The New York Times Reports.

The combined company will have operations in 17 states. Together, the two California-based builders pulled in approximately $5 billion in revenue and closed 12,633 home last year, making the new company the fourth-biggest builder after D.R. Horton, Lennar, and PulteGroup.

After the merger, the single company will cater to a broader range of buyers. Standard Pacific sells primarily to move-up buyers, while Ryland Group's homes range from entry-level to high-end.

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