M&A Deal Summary

Lennar Acquires CalAtlantic Homes

On October 30, 2017, Lennar acquired construction company CalAtlantic Homes for 9.3B USD

Acquisition Highlights
  • This is Lennar’s 12th transaction in the Construction sector.
  • This is Lennar’s largest (disclosed) transaction.
  • This is Lennar’s 14th transaction in the United States.
  • This is Lennar’s 4th transaction in California.

M&A Deal Summary
Date 2017-10-30
Target CalAtlantic Homes
Sector Construction
Buyer(s) Lennar
Deal Type Add-on Acquisition
Deal Value 9.3B USD
Advisor(s) J.P. Morgan Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

CalAtlantic Homes

Irvine, California, United States
CalAtlantic Group's corporate headquarters in Irvine, California.
CalAtlantic Group's corporate headquarters in Irvine, California.
CalAtlantic Group, Inc. is a combination of Standard Pacific Corp. and Ryland Group, Inc., two US-based homebuilders. CalAtlantic builds homes in designed communities from entry level to luxury properties. CalAtlantic Group, Inc. was originally established in 1965 and is headquartered in Irvine, California.

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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 14 of 16
Sector (Construction) 12 of 13
Type (Add-on Acquisition) 14 of 16
State (California) 4 of 4
Country (United States) 14 of 16
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 WCI Communities

Bonita Springs, Florida, United States

WCI Communities, Inc. is a lifestyle community developer and luxury homebuilder of single and multi-family homes, including luxury high-rise tower units, in most of coastal Florida's highest growth and largest markets.

Buy $809M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Executive Construction

Elgin, South Carolina, United States

Executive Construction is a home builder that has delivered over 1,000 new homes to Columbia, South Carolina.

Buy -
Mergr

Product

Company

Legal