Add-on Acquisition • Building Materials

AV Homes Acquires Royal Oak Homes

On March 13, 2014, AV Homes acquired building materials company Royal Oak Homes

Acquisition Context
  • This is AV Homes’ 1st transaction in the Building Materials sector.
  • This is AV Homes’ 1st transaction in the United States.
  • This is AV Homes’ 1st transaction in Florida.

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M&A Deal Summary

Date March 13, 2014
Target Royal Oak Homes
Sector Building Materials
Buyer(s) AV Homes
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

AV Homes

Scottsdale, Arizona, United States

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 Context for Buyer #
Overall 1 of 5
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 5
State: Florida 1 of 1
Country: United States 1 of 5
Year: 2014 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Bonterra Builders

Matthews, North Carolina, United States

Bonterra Builders LLC is a provider of construction services.

Buy $96M