Mergers & Acquisitions
By The Online Investor Staff, updated Sat., Sep. 19, 8:01 AM
| This Slide: #6 of 100 |
Slide #6. Toll Brothers, Inc. — Keller Homes
Acquirer:
Toll Brothers, Inc. (NYSE:TOL)
Acquiree:
Keller Homes
Details:
Toll Brothers, Inc., (NYSE:TOL) (www.TollBrothers.com), the nation's leading builder of luxury homes, today announced its expansion into the Colorado Springs market through the acquisition of Keller Homes, one of the top private home building companies in Colorado Springs. Rated in 2020 by USA Today as the "#1 Hottest US Housing Market" and in 2019 by US News & World Report as #3 "Best Place to Live", Colorado Springs is a dynamic housing market which will complement Toll Brothers' current operations in metro Denver and Fort Collins.
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, golf course development, 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.
  
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Hold (2.08 out of 4) 5th percentile
(ranked lower than approx. 95% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
