Add-on Acquisition • Construction

LGI Homes Acquires KenRoe

On May 7, 2021, LGI Homes acquired construction company KenRoe for 27M USD

Acquisition Context

This is LGI Homes’ 1st transaction in the Construction sector.
This is LGI Homes’ largest (disclosed) transaction.
This is LGI Homes’ 1st transaction in the United States.
This is LGI Homes’ 1st transaction in Minnesota.

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M&A Deal Summary
Date	May 7, 2021
Target	KenRoe
Sector	Construction
Buyer(s)	LGI Homes
Deal Type	Add-on Acquisition
Deal Value	27M USD

Target Company

KenRoe

Minneapolis, Minnesota, United States

KenRoe is a privately held homebuilder and land development company. The assets include approximately 85 homes under construction, 130 finished lots, and 390 lots either raw or under development. KenRoe headquartered in Minneapolis, Minnesota.

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Buyer Overview 1

Buyer

LGI Homes

The Woodlands, Texas, United States

Category	Company
Founded	2003
Sector	Construction
Employees	1,000
Revenue	2.2B USD (2024)

DESCRIPTION

LGI Homes engage in the design, construction, and sale of homes. LGI Homes was founded in 2003 and is based in The Woodlands, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Construction	1 of 1
Type: Add-on Acquisition	1 of 1
State: Minnesota	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1
Size (of disclosed)	1 of 1

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