Add-on Acquisition • Construction

AV Homes Acquires Bonterra Builders

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

Bonterra Builders

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