Century Communities and UCP Agree to Business Combination

GREENWOOD VILLAGE, Colo. & SAN JOSE, Calif.--(BUSINESS WIRE)--Century Communities, Inc. (NYSE: “CCS”), a leading homebuilder of single-family homes, townhomes and flats in select U.S. markets, and UCP, Inc. (NYSE: “UCP”) today jointly announced a definitive agreement pursuant to which the two companies have agreed to merge in a transaction with an aggregate value of $336 million, including the payment of certain indebtedness. The combined company will have an equity market capitalization of over $700 million and an enterprise value of over $1.3 billion.