CalAtlantic Group is Official
The merger between Standard Pacific Corp. and the Ryland Group Inc. is now officially complete. The combined entity will operate under the name CalAtlantic Group in a reflection of its national footprint and ambitions. The combined company has a market cap of $5.4 billion and will trade on the NYSE under the ticker symbol CAA. Ryland’s CEO and President Larry Nicholson will maintain those titles with CalAtlantic while Standard Pacific’s CEO Scott Stowell will become the executive chairman of the board of directors.
About author
You might also like
Sunbelt to Lead Homebuilder Growth
States with sunny climates, including California, are expected to drive homebuilder growth next year according to various homebuilding analysts. With job growth that is outperforming the market and overall greater
Todd Palmaer Named CEO and President of RSI Communities
Industry veteran, Todd Palmaer, who recently served as a Regional President for Standard Pacific Homes, has been named as the CEO and President of RSI Communities based out of Newport
Standard Pacific and Ryland Announce Merger
Number 11 (in terms of unit sales volume) ranked Standard Pacific and Number 5 ranked Ryland announced plans to merge. The post-merger entity will be the 4th largest homebuilding company
