Stanley Martin Homes has entered an agreement to acquire Greensboro, North Carolina-based Windsor Homes, the No. 141 company on the 2025 Next 100 List.
Windsor Homes closed 334 homes in 2024 and generated $124 million in annual revenue. The builder currently controls approximately 2,100 lots across the Triad region in North Carolina, which includes Greensboro, Winston-Salem, High Point, and Burlington, and the coastal region of the state near Wilmington.
“Over the past 20+ years, we’ve built a company rooted in building quality homes that meet the needs of individuals and families,” says Tom Hall, president of Windsor Homes. “Joining Stanley Martin Homes marks a new chapter for our team – one filled with opportunity, growth, and shared success. I’m confident that this partnership will allow us to continue delivering exceptional homes while expanding our reach.”
For Stanley Martin, the acquisition significantly expands the builder’s footprint in the Carolinas. The acquisition increases the builder’s controlled lot count by approximately 25% in North Carolina and adds 32 new communities to its portfolio.
Stanley Martin has existing operations in Raleigh, Charlotte, and the coastal Wilmington markets in North Carolina and Columbia, Charleston, Greenville, Spartanburg, and Hilton Head in South Carolina. With the acquisition of Windsor Homes, Stanley Martin will gain access to new markets in Greensboro, Winston-Salem, High Point, and Burlington.
The Carolinas are among the fastest growing markets in the Southeast, with eight markets in North and South Carolina ranking about the 50 largest new-home markets on the 2025 Local Leaders list.
“This acquisition is a strategic step in our continued expansion across the Southeast,” says Steve Alloy, president of Stanley Martin. “We were immediately impressed by the leadership team at Windsor Homes, their commitment to quality, and their alignment with our values and culture.”
Whelan Advisory served as the exclusive financial advisory to Windsor Homes in the transaction.
In May 2024, Stanley Martin acquired Charlotte, North Carolina-based land acquisition, development, and lot sales businesses Prestige Corporate Development and land development general contracting business Prestige Site Works.
Stanley Martin Homes, ranked No. 21 on the 2025 Builder 100 list with 4,614 closings in 2024, is a subsidiary of Japanese company Daiwa House Group. The Daiwa House portfolio consists of regional home building hubs: Stanley Martin Homes in the east, Texas-based CastleRock Communities (No. 49 on the Builder 100) in the central region, and California-based Trumark Homes (No. 67 on the Builder 100) in the west. Daiwa House has targeted supplying 10,000 single-family housing units across its U.S. operations by 2026.
