Stanley Martin has entered into an agreement to acquire all the homebuilding assets and operations of Avex Homes in Central Florida, including over 300 homes currently under construction and more than 4,400 controlled lots in the Orlando, Tampa, and Daytona markets
“We have strategically been working to enter the Florida market for several years. When we first met the leaders of Avex Homes, we immediately recognized what a great fit they would be with Stanley Martin. We had shared values and a shared commitment to customers, and we both had a strong focus on quality. I am thrilled to have the Avex Homes team become a part of Stanley Martin,” said Steve Alloy, President of Stanley Martin.
Beat Kahli, the Chief Executive Officer of Sitex Properties USA, Inc., the largest shareholder of Avex Homes said, “we selected Stanley Martin as our acquisition partner among many compelling offers because of its track record of successful acquisitions, experienced leadership, and strong financial performance.”