United Homes Group Announces New Raleigh, NC Division
2023年8月21日 - 9:30PM
ビジネスワイヤ(英語)
United Homes Group, Inc. (“UHG”) (NASDAQ: UHG), a leading
homebuilder in the Southeast, today announced that it is opening a
new division in the Raleigh, NC, area. The new division, formerly
Herring Homes, will be led by Brian Herring and will operate under
the Great Southern Homes brand. Herring has over 20 years’
experience in the industry, previously serving as President and CEO
of Herring Homes, which he founded in 2019. Herring brings with him
a seasoned team with many years of experience in the homebuilding
industry. This team shares GSH’s focus on building homes for
entry-level and first-time move-up buyers and their corresponding
price points in this region.
“We are very pleased to begin executing our growth strategy with
this move into the Raleigh market with an established team that
brings a pipeline of lot inventory and established relationships
with local developers,” said UHG Chief Executive Officer Michael
Nieri. “Raleigh is the 10th largest market in the nation over the
last twelve months, with significant migration into the area and a
very healthy job market. Our strategy is focused on high-growth
markets in the southeast, and Raleigh certainly fits the profile
for our expansion plans.”
“I am thrilled to be joining the UHG/Great Southern Homes team,”
said Herring. “Getting to be part of such an exciting new company
is something that doesn’t happen very often. I believe the focus on
the affordable segments of markets in the southeast, combined with
the ‘land-light’ business model, makes us a builder with a bright
future.”
The new Raleigh division will provide UHG with a strategically
valuable foothold in a growing Raleigh market, where the top 10
builders have only a 57% market share. The Raleigh division will be
able to leverage their relationships with local developers and
subcontractors that are key in a high barrier to entry market like
Raleigh.
Whelan Advisory acted as the exclusive financial advisor to
Herring Homes.
About United Homes Group, Inc.
UHG is a publicly traded residential builder headquartered in
Columbia, SC. The company focuses on southeastern markets with 53
active communities in South Carolina and Georgia, and now expanding
into North Carolina. UHG has been recognized as one of the top 50
builders by Builder magazine.
Forward-Looking Statements
Certain statements contained in this release, other than
historical facts, may be considered forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”) and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). We intend
for all such forward-looking statements to be covered by the
applicable safe harbor provisions for forward-looking statements
contained in Section 27A of the Securities Act and Section 21E of
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can generally be identified by our use of forward-looking
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similar words.
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include, but are not limited to, statements about our future
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forward-looking statements, which speak only as of the date of this
release and are not intended to be a guarantee of our performance
in future periods. We cannot guarantee the accuracy of any such
forward-looking statements contained in this release, and we do not
intend to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
For further information regarding risks and uncertainties
associated with our business, and important factors that could
cause our actual results to vary materially from those expressed or
implied in such forward-looking statements, please refer to the
factors listed and described under “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and the
“Risk Factors” sections of the documents we file from time to time
with the U.S. Securities and Exchange Commission, including, but
not limited to, our Annual Report on Form 10-K and our quarterly
reports on Form 10-Q, copies of which may be obtained from our
website at
https://ir.unitedhomesgroup.com/financials/sec-filings/default.aspx.
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version on businesswire.com: https://www.businesswire.com/news/home/20230818295268/en/
Investor Relations Contact: Drew Mackintosh
drew@mackintoshir.com Mobile: 310-924-9036 Media Contact: Allen
Hutto allenhutto@greatsouthernhomes.com Mobile: 803-665-2764
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