CalAtlantic Group, Inc.
IndustryHome construction
PredecessorsStandard Pacific Homes and Ryland Homes
FoundedOctober 1, 2015 (2015-10-01)
DefunctFebruary 12, 2018 (2018-02-12)
FateAcquired by Lennar
HeadquartersArlington, Virginia
Key people
 Scott D. Stowell, Chairman
Larry T. Nicholson, CEO & President
Jeff J. McCall, CFO
Production output
14,229 deliveries
RevenueIncrease $6.476 billion (2016)
Increase $0.484 billion (2016)
Total assetsIncrease $8.709 billion (2016)
Total equityIncrease $4.207 billion (2016)
Number of employees
3,055 (2016)[1]
Footnotes / references
[1]

CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed.[2] It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar.[3]

History

Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965.[4] Operations expanded to include San Diego in 1969,[5] Texas in 1978,[6] Arizona in 1998, Colorado in 2000, and Florida in 2002.

On October 1, 2015, Standard Pacific Homes and Ryland Homes merged to form CalAtlantic.[1]

In 2016, Builder Magazine named CalAtlantic its builder of the year.[7]

In June 2017, the company acquired Oakpointe, LLC and entered the Seattle market.[8][9][10]

In February 2018, the company was acquired by Lennar.[11][12]

References

  1. 1 2 3 "CalAtlantic Group, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ "The Top 100: 2018". Hanley Wood.
  3. ↑ "Lennar buys CalAtlantic to become largest U.S. homebuilder". Reuters. October 30, 2017.
  4. ↑ COLLINS, JEFF (September 14, 2015). "Standard Pacific-Ryland merger will create a homebuilding colossus". Orange County Register.
  5. ↑ "Standard Pacific: A Great Choice In San Diego". San Diego Daily Transcript. June 1, 2000.
  6. ↑ "Standard Pacific Homes ramps up Dallas-area operations". The Dallas Morning News. August 30, 2012.
  7. ↑ McManus, John (May 9, 2016). "2016 BUILDER OF THE YEAR: CALATLANTIC GROUP". Hanley Wood.
  8. ↑ "CalAtlantic Homes Enters Seattle Market" (Press release). PR Newswire. June 13, 2017.
  9. ↑ COLLINS, JEFF (June 15, 2017). "CalAtlantic acquires Seattle homebuilding operation". Orange County Register.
  10. ↑ Stiles, Marc (June 13, 2017). "Big homebuilder CalAtlantic Homes buys Kirkland firm to enter the Seattle market". American City Business Journals.
  11. ↑ "Lennar Completes Strategic Combination with CalAtlantic" (Press release). PR Newswire. February 12, 2018.
  12. ↑ Bandell, Brian (February 12, 2018). "Lennar becomes nation's largest homebuilder with acquisition of CalAtlantic". American City Business Journals.
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