M&A Deal Summary

AV Homes Acquires Savvy Homes

On March 3, 2017, AV Homes acquired real estate company Savvy Homes for 50M USD

Acquisition Highlights
  • This is AV Homes’ 1st transaction in the Real Estate sector.
  • This is AV Homes’ 2nd largest (disclosed) transaction.
  • This is AV Homes’ 3rd transaction in the United States.
  • This is AV Homes’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2017-03-03
Target Savvy Homes
Sector Real Estate
Buyer(s) AV Homes
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

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.

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Buyer(S) 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 STATS #
Overall 3 of 5
Sector (Real Estate) 1 of 3
Type (Add-on Acquisition) 3 of 5
State (North Carolina) 2 of 2
Country (United States) 3 of 5
Year (2017) 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Oakdale Homes

Farmers Branch, Texas, United States

Oakdale Homes is a developer and builder of residential homes. Oakdale Homes was established in 1989 and is based in Farmers Branch, Texas.

Buy -
Mergr

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