M&A Deal Summary

Toll Brothers Acquires Shapell Industries

On February 5, 2014, Toll Brothers acquired construction company Shapell Industries for 1.6B USD

Acquisition Highlights
  • This is Toll Brothers’ 5th transaction in the Construction sector.
  • This is Toll Brothers’ largest (disclosed) transaction.
  • This is Toll Brothers’ 5th transaction in the United States.
  • This is Toll Brothers’ 1st transaction in California.

M&A Deal Summary
Date 2014-02-05
Target Shapell Industries
Sector Construction
Buyer(s) Toll Brothers
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Lazard Ltd. (Financial)

Target

Shapell Industries

Beverly Hills, California, United States
website
Shapell Industries, Inc. is a land development and home building company,

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Buyer(S) 1

Buyer

Toll Brothers

Fort Washington, Pennsylvania, United States

website

Category Company
Founded 1967
Sector Construction
Employees4,500
Revenue 10.3B USD (2022)
DESCRIPTION

Toll Brothers is a builder of luxury homes. The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington. The Company also operates in the District of Columbia. Toll Brothers was founded in 1967 and is based in Fort Washington, Pennsylvania.

DEAL STATS #
Overall 5 of 9
Sector (Construction) 5 of 7
Type (Add-on Acquisition) 4 of 8
State (California) 1 of 1
Country (United States) 5 of 9
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-21 CamWest Development

Kirkland, Washington, United States

CamWest Development LLC, is a building company serving the Pacific Northwest. CamWest develops a variety of home types, including luxury single-family homes, condominiums, and townhomes, throughout the Seattle metropolitan area, primarily in King and Snohomish Counties

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Coleman Real Estate Holdings

Florida, United States

Coleman Real Estate Holdings LLC is a real estate company operates in the Boise metropolitan area, primarily in Ada and Canyon Counties, and builds single-family homes ranging from first-time to luxury homes priced from $175,000 to $500,000.

Buy -
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