M&A Deal Summary

AV Homes Acquires Bonterra Builders

On June 10, 2015, AV Homes acquired construction company Bonterra Builders for 96M USD

Acquisition Highlights
  • This is AV Homes’ 1st transaction in the Construction sector.
  • This is AV Homes’ largest (disclosed) transaction.
  • This is AV Homes’ 2nd transaction in the United States.
  • This is AV Homes’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2015-06-10
Target Bonterra Builders
Sector Construction
Buyer(s) AV Homes
Deal Type Add-on Acquisition
Deal Value 96M USD

Target

Bonterra Builders

Matthews, North Carolina, United States
website
Bonterra Builders LLC is a provider of construction services.

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Buyer(S) 1

Buyer

AV Homes

Scottsdale, Arizona, United States

website


Category Company
Founded 1970
Sector Real Estate
Employees367
Revenue 843M USD (2017)
DESCRIPTION

AV Homes, Inc. is a provider in the development, sale, and management of active adult communities. AV Homes builds communities that serve both active adults (55 years and older) as well as people of all ages. AV Homes, Inc. was formed in 1970 and is headquartered in Scottsdale, Arizona.


DEAL STATS #
Overall 2 of 5
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (North Carolina) 1 of 2
Country (United States) 2 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Royal Oak Homes

Orlando, Florida, United States

Royal Oak Homes LLC is an established home builder offering outstanding new homes and townhomes for sale in the Orlando area including Clermont, Winter Garden, Apopka, Kissimmee, St. Cloud, Sorrento, Groveland, Eustis and Davenport.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 Savvy Homes

Raleigh, North Carolina, United States

Savvy Homes LLC is a regional homebuilding leader in the Greater Raleigh market, with a commitment to building exceptional homes in outstanding communities.

Buy $50M