B. Riley Securities Serves as Sole Bookrunning Manager to Landsea Homes Corporation on its Recent $71.8 Million Secondary Offering
December 16, 2024
Source: B. Riley Securities, Inc.
LOS ANGELES, December 12, 2024 -- B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunning manager to Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea” or the "Company”) on its recent $71.8 million secondary offering.
Landsea is a residential homebuilder that designs and builds homes and sustainable master-planned communities, including suburban, single-family detached and attached homes, mid-rise properties, and master-planned communities in Arizona, California, Florida, Colorado and Texas. Learn more about Landsea here.
Jimmy Baker, President and Head of Capital Markets at B. Riley Securities, said, “Landsea Homes continues to execute on its growth strategy, with a strong presence in some of the nation’s most attractive housing markets. B. Riley’s ability to attract such high-quality institutional investors in this offering is a testament to Landsea management’s steady performance since we helped bring the company public several years ago. It was our pleasure to partner with them once again, leading their fourth secondary offering.”
John Ho, Landsea’s Chief Executive Officer added, “This important offering helped us continue to expand and enhance our shareholder base. We are grateful to the B. Riley team for their outstanding execution and partnership."
B. Riley’s deal team was led by Jimmy Baker, Michael Cavanagh, and Ryan Aceto and included Jack Russell.
Read more about the transaction here.
About B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and investment banking for over 25 years. We provide a full suite of investment banking and capital markets services to companies, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, debt financings, corporate restructuring and recapitalization. Widely recognized for our thematic proprietary equity research, clients benefit from B. Riley's extensive network, industry expertise, and proven execution capabilities of our end-to-end financial services platform. Please see disclosures about B. Riley Securities Research here. The firm is a subsidiary of B. Riley Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.
Landsea is a residential homebuilder that designs and builds homes and sustainable master-planned communities, including suburban, single-family detached and attached homes, mid-rise properties, and master-planned communities in Arizona, California, Florida, Colorado and Texas. Learn more about Landsea here.
Jimmy Baker, President and Head of Capital Markets at B. Riley Securities, said, “Landsea Homes continues to execute on its growth strategy, with a strong presence in some of the nation’s most attractive housing markets. B. Riley’s ability to attract such high-quality institutional investors in this offering is a testament to Landsea management’s steady performance since we helped bring the company public several years ago. It was our pleasure to partner with them once again, leading their fourth secondary offering.”
John Ho, Landsea’s Chief Executive Officer added, “This important offering helped us continue to expand and enhance our shareholder base. We are grateful to the B. Riley team for their outstanding execution and partnership."
B. Riley’s deal team was led by Jimmy Baker, Michael Cavanagh, and Ryan Aceto and included Jack Russell.
Read more about the transaction here.
About B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and investment banking for over 25 years. We provide a full suite of investment banking and capital markets services to companies, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, debt financings, corporate restructuring and recapitalization. Widely recognized for our thematic proprietary equity research, clients benefit from B. Riley's extensive network, industry expertise, and proven execution capabilities of our end-to-end financial services platform. Please see disclosures about B. Riley Securities Research here. The firm is a subsidiary of B. Riley Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.