Stanley Martin to Acquire the Homebuilding Operations of FrontDoor Communities
Summary
Stanley Martin was founded in 1966 and is in the homebuilding, mortgage, and title businesses in the metro Washington, D.C., Richmond, Charlottesville, and Raleigh markets.The FrontDoor Communities transaction facilitates Stanley Martins expansion strategy into growing markets in the Southeast.Stanley Martins acquisition of the assets and operations of FrontDoor Communities is a significant milestone in achieving that plan.Terry, Mike and their team have done an outstanding job of growing their operations in both the Atlanta and Charleston markets, and we look forward to their ongoing contributions to our business," said Steven Alloy, President of Stanley Martin.As we look forward, our joining Stanley Martin will enable our continued growth and expansion as well as support our commitment to quality and customer satisfaction."