CalAtlantic Homes, one of the nation’s leading homebuilders, today announced the acquisition of homebuilding operations of Utah-based Candlelight Homes, one of the largest privately held homebuilders in the Utah market. As a result of the transaction, CalAtlantic now owns or controls an additional 2,500 homesites across 19 communities, ten of which are actively selling. The balance of the communities are expected to open in 2019. In connection with the acquisition, CalAtlantic has extended offers of employment to all employees of Candlelight Homes who were engaged in the company’s homebuilding business. Zelman Partners served as exclusive investment banker to Candlelight Homes.
Source: CalAtlantic Group, Inc.