Sekisui House Acquires M.D.C. Holdings for $4.9 Billion

The Japanese homebuilder's purchase propels it to the fifth-largest in the U.S., expediting its overseas expansion goals.

Sekisui House, a Japanese homebuilder, has agreed to acquire Denver-based M.D.C. Holdings for $4.9 billion, making it the fifth-largest homebuilder in the U.S.
The acquisition will double Sekisui's presence in the U.S. to 16 states and expedite its goal of delivering 10,000 homes annually in overseas markets by 2025.
M.D.C. Holdings, founded in 1972, builds homes under the Richmond American Homes brand in California, Florida, Texas and 13 other states.
The deal is expected to close in the first half of this year, subject to shareholder and regulatory approvals.
Executive chairman of M.D.C. Holdings, Larry Mizel, who controls 14.8% of M.D.C. shares, is set to receive $725.2 million from the deal.