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William Lyon Homes Pays $460M for Local Builder


RSI’s Texas operations will become a new region for William Lyon Homes, whose operations have largely been based along the West Coast. The builder counts a market value of about $825 million. “The addition of RSI Communities to the William Lyon Homes ...


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William Lyon Homes Pays $460M for Local Builder | Orange County Business Journal OAS_url = 'https://oasc17.247realmedia.com/RealMedia/ads/'; OAS_sitepage = 'ocbj.www.clients.ellingtoncms.com/oc_homepage'; OAS_listpos = 'Top,Top1,Top5,TopLeft,TopRight,Right,Right1,Position1,Position2,Middle,Middle1,Bottom,Bottom2,BottomRight,Frame1,Frame2,x92,x96'; OAS_query = '; OAS_target = '_top'; OAS_version = 10; OAS_rn = '001234567890'; OAS_rns = '1234567890'; OAS_rn = new String(Math.random()); OAS_rns = OAS_rn.substring(2, 11); function OAS_NORMAL(pos) { document.write('); document.write('); } OAS_version = 11; if (navigator.userAgent.indexOf('Mozilla/3') != -1 || navigator.userAgent.indexOf('Mozilla/4.0 WebTV') != -1) { OAS_version = 10; } if (OAS_version >= 11) { document.write(''); } function OAS_AD(pos) { if (OAS_version >= 11) { OAS_RICH(pos); } else { OAS_NORMAL(pos); } } function resizeAdjustments() { var ww = document.documentElement.clientWidth; var body = document.querySelector('body'); // Set body margin depending on whether or not skyscraper ads are showing if (document.querySelector('.skyscraper-ad') && ww > 960) { var contentOffset = Math.floor((1440 - ww) / 2); body.style.marginLeft = (contentOffset * -1) + 'px'; } } (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-55760237-1', 'auto'); ga('send', 'pageview'); (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); Subscribe Log In Search × Sections Home Finance Healthcare Real Estate Services Technology Apparel/Retail Tourism Special Reports Events Lists Custom Content People on the Move More Orange County Business Journal Subscribe Follow Us Get Email Alerts Orange County Business Journal Los Angeles Business Journal San Diego Business Journal San Fernando Valley Business Journal Subscribe Log In Search × Wednesday, February 21, 2018 Subscribe Log In Wednesday, February 21, 2018 Home Finance Healthcare Real Estate Services Technology Apparel/Retail Tourism Special Reports Events Lists Custom Content People on the Move OAS_AD('Top'); Home News William Lyon Homes Pays $460M for Local Builder By Mark Mueller Tuesday, February 20, 2018 lang: en_US Tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); EMAIL Ron Simon William Lyon Homes said on Tuesday that it has agreed to buy fellow Newport Beach-based homebuilder RSI Communities, for $460 million. RSI Communities, which builds precision-manufactured houses that can be assembled faster and more efficiently than by traditional methods, owns or controls more than 11,000 home lots, primarily in Texas and the Inland Empire. RSI’s Texas operations will become a new region for William Lyon Homes, whose operations have largely been based along the West CoastThe builder counts a market value of about $825 million. “The addition of RSI Communities to the William Lyon Homes family enables us to strengthen our position in the land-constrained Southern California market and gain immediate size and scale in Austin as a foothold in the attractive Texas region, which we view as the first step in a broader Texas strategy,” said William Lyon chief executive Matthew Zaist, in a statement. The all-cash deal should close by the end of MarchWilliam Lyon Homes said it intends to fund the acquisition with cash on hand, debt, and about $200 million in land banking proceeds. The sale of RSI Communities comes nearly three months after an affiliated company, Anaheim-based manufacturer RSI Home Products Inc., said it would be sold for $1.075 billion to American Woodmark Corp Both RSI firms were founded by Ron Simon, one of Orange County’s wealthiest businessmen with a fortune estimated at a little more than $1 billionHe won a Horatio Alger Award in 2005. Get Email Alerts OAS_AD('Middle'); OAS_AD('Top5'); OAS_AD('Middle1'); OAS_AD('Position1'); Videocasts OCBJ Publisher Richard Reisman interviews OC Business Leaders Mohamed El-Erian, Chief Economic Advisor of Allianz You May Also Like RSI Communities Buys Beaumont Site Behind Simon’s Buyout: New Target for RSI’s Cabinet Operations RSI Communities Buys Riverside Site RSI Communities Bigger in Texas RSI Development Sets New Course as Contract Builder Cabinetmaker RSI Starts Up Homebuilder Cabinetmaker RSI Starts Up Homebuilder RSI Adds to Texas Pipeline, Gets OK for 1,500 Homes OAS_AD('Bottom'); OAS_AD('TopRight'); Get Email Alerts Browse More The Book of Lists The List Archives Special Reports Real Estate Gallery OC Insider Learn More About Us Advertise With Us Staff Privacy Policy Contact Us Careers Edit Profile Services Subscription Center Online Login/Register Renewals Sign-Up for E-News Updates Tools Events Calendar Marketplace Other Journals Los Angeles Business Journal San Diego Business Journal San Fernando Valley Business Journal

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