M&A Deal Summary

Lennar Acquires Pacific Century Homes

On July 11, 2002, Lennar acquired construction company Pacific Century Homes

Acquisition Highlights
  • This is Lennar’s 5th transaction in the Construction sector.
  • This is Lennar’s 5th transaction in the United States.
  • This is Lennar’s 2nd transaction in California.

M&A Deal Summary
Date 2002-07-11
Target Pacific Century Homes
Sector Construction
Buyer(s) Lennar
Deal Type Add-on Acquisition

Target

Pacific Century Homes

Temecula, California, United States
Pacific Century Homes is a construction of residential properties.

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Buyer(S) 1

Buyer

Lennar

Miami, Florida, United States
Category Company
Founded 1954
Sector Construction
Employees12,284
Revenue 34.2B USD (2023)
DESCRIPTION
Lennar's corporate headquarters in Miami, Florida.
Lennar's corporate headquarters in Miami, Florida.

Lennar is a homebuilder with operations across the US. Lennar builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar was founded in 1954 and is based in Miami, Florida.

DEAL STATS #
Overall 5 of 16
Sector (Construction) 5 of 13
Type (Add-on Acquisition) 5 of 16
State (California) 2 of 4
Country (United States) 5 of 16
Year (2002) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-11 Cambridge Homes

Fresno, California, United States

Cambridge Homes is a construction of building industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-30 Seppala Homes

Greer, South Carolina, United States

Seppala Homes is a provider of home building services company.

Buy -
Mergr

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