General Contractors & Builders M&A » By The Online Investor Staff, updated Fri., Jul. 1, 12:05 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 communities. Co. caters to first-time, move-up, empty-nester, active-adult and second-home buyers in teh U.S., as well as urban and suburban renters under the brand names Toll Brothers Apartment Living® and Toll Brothers Campus Living®. 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, smart home technology, and landscaping subsidiaries.
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Avg. Broker Rec.
 
|
Hold (2.09 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: TOL Stock Forecast Based on Zacks ABR data; powered by Xignite |
