Apollo-backed New Home to acquire Landsea Homes for $1.2bn.

Apollo-backed New Home, a diversified asset-light homebuilder, agreed to acquire Landsea Homes, a residential homebuilder, for $1.2bn. “Our acquisition of Landsea Homes is an important next step in New Home’s long-term growth strategy. By bringing together two highly complementary businesses and teams with shared customer-first values, we will further scale our platform nationally and help even more buyers realize the dream of homeownership. I look forward to continuing to partner with the talented employees from both organizations and Apollo in this next chapter,” Matthew Zaist, New Home President and CEO.