M&A Deal Summary

LGI Homes Acquires KenRoe

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2021-05-07
Target KenRoe
Sector Construction
Buyer(s) LGI Homes
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

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.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

LGI Homes

The Woodlands, Texas, United States
Category Company
Founded 2003
Sector Construction
Employees1,000
Revenue 2.4B USD (2023)
DESCRIPTION

LGI Homes engage in the design, construction, and sale of homes. The company has a notable legacy of more than 18 years of homebuilding operations, over which time it has closed more than 45,000 homes. LGI Homes was founded in 2003 and is based in The Woodlands, Texas.

DEAL STATS #
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
Mergr

Product

Company

Legal