M&A Deal Summary

Summit Homes Acquires Berkeley Building

On May 5, 2021, Summit Homes acquired construction company Berkeley Building

Acquisition Highlights
  • This is Summit Homes’ 1st transaction in the Construction sector.
  • This is Summit Homes’ 1st transaction in the United States.
  • This is Summit Homes’ 1st transaction in Idaho.

M&A Deal Summary
Date 2021-05-05
Target Berkeley Building
Sector Construction
Buyer(s) Summit Homes
Deal Type Add-on Acquisition

Target

Berkeley Building

Meridian, Idaho, United States
website
Berkeley Building is a residential home builder and developer that designs and constructs remarkable homes Boise, Idaho metro area.

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Buyer(S) 1

Buyer

Summit Homes

Lee's Summit, Missouri, United States

website

Category Company
Founded 2002
Sector Construction
DESCRIPTION

Summit Homes is delivering a personalized, customer-centric, home-building experience creating high-quality, innovative homes in the Kansas City and Des Moines areas. The company is known for developing and building exceptional communities as well as its innovative design practices. In 2016, Summit joined Clayton Properties Group, a Berkshire Hathaway company. Summit actively supports numerous organizations committed to helping children and those unable to help themselves, including Children's Mercy, Drumm Farm Center for Children, Hope Haven of Cass County, Boys & Girls Clubs of Greater Kansas City, and Harvesters: The Community Food Network. Summit Homes was formed in 2002 and is based in Lee's Summit, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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