General Contractors & Builders M&A » By The Online Investor Staff, updated Wed., Apr. 14, 3:04 PM
Recent mergers and acquisitions in the General Contractors & Builders M&A category.
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Slide #3. Toll Brothers, Inc. — Shapell Industries, LLC
Acquirer:
Toll Brothers, Inc. (NYSE:TOL)
Acquiree:
Shapell Industries, LLC
Details:
Toll Brothers, Inc., (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today announced the completion of its acquisition of the homebuilding operations of Shapell Industries, LLC ("Shapell Homes"), a premier private California land development and home building company, for approximately $1.60 billion in cash. The purchase includes approximately 5,200 home sites, 97.5% of which are entitled, in established coastal California communities. This land was assembled by Shapell over many decades in many of Northern and Southern California's most affluent and high-growth markets: the San Francisco Bay area, metro Los Angeles, Orange County and the Carlsbad market.
Toll Brothers designs, builds, markets, sells, and arranges financing for residential single-family detached, attached home, master planned resort-style golf, and urban communities. Co. also designs, builds, markets, and sells urban condominiums through Toll Brothers City Living®. Co. operates its own architectural, engineering, mortgage, title, land development, insurance, and landscaping subsidiaries. Co. also operates its own security company, TBI Smart Home Solutions, which provides homeowners with home automation and technology options. In addition, Co. operates its own lumber distribution, house component assembly, and manufacturing operations.
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Avg. Broker Rec.
 
|
Hold (2.23 out of 4) 1st percentile
(ranked lower than approx. 99% of all stocks covered)
Analysts' Target Price: TOL Stock Forecast Based on Zacks ABR data; powered by Xignite |
