Great Southern Homes to go public via merger with DiamondHead Holdings in a $572m deal.

Great Southern Homes, one of the largest and most established homebuilders in the Southeast US, agreed to go public via merger with DiamondHead Holdings, a special purpose acquisition company, in a $572m deal. "For over 20 years I have worked to build GSH into the leading Southeast homebuilder it is today. I am excited for the next chapter for GSH, where through the combination of my operational expertise with David Hamamoto’s public company and capital markets experience, we plan to grow UHG into a national homebuilder. Our growth plans include both continued organic expansion as well as becoming a merger partner of choice for smaller regional homebuilders located in high growth markets. Additionally, we are building out a programmatic, institutional build-to-rent platform, where our current product set and geographic footprint are well positioned to meet the demands of the strong and growing rental market for single family homes," Michael Nieri, Great Southern Homes CEO.