Apollo-backed New Home completed the acquisition of Landsea Homes for $1.2bn.

Apollo-backed New Home, a diversified asset-light homebuilder, completed the acquisition of Landsea Homes, a Dallas-based residential homebuilder, for $1.2bn. “We are pleased to complete this transaction, which marks an important next step in New Home’s long-term growth strategy. With greater scale, market diversity and a shared focus on delivering exceptional customer experiences, we are well positioned to further extend our platform and enhance our offerings to homebuyers. We look forward to all that we will accomplish together,” Matthew Zaist, New Home President and Chief Executive Officer.