M&A Deal Summary

PulteGroup Acquires Centex

On April 8, 2009, PulteGroup acquired construction company Centex for 3.1B USD

Acquisition Highlights
  • This is PulteGroup’s 2nd transaction in the Construction sector.
  • This is PulteGroup’s largest (disclosed) transaction.
  • This is PulteGroup’s 2nd transaction in the United States.
  • This is PulteGroup’s 1st transaction in Texas.

M&A Deal Summary
Date 2009-04-08
Target Centex
Sector Construction
Buyer(s) PulteGroup
Deal Type Add-on Acquisition
Deal Value 3.1B USD

Target

Centex

Dallas, Texas, United States
Centex Corp. is a home builder serving the Southern US markets.

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Buyer(S) 1

Buyer

PulteGroup

Atlanta, Georgia, United States
Category Company
Founded 1950
Sector Construction
Employees6,382
Revenue 16.1B USD (2023)
DESCRIPTION
View of PulteGroup's corporate headquarters in Atlanta, Georgia.
View of PulteGroup's corporate headquarters in Atlanta, Georgia.

PulteGroup is a homebuilding company with operations in approximately 50 markets throughout the US. Its brand portfolio includes Centex, Pulte Homes, Del Webb and DiVosta Homes. PulteGroup was founded in 1950 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Construction) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-02 DiVosta & Company

Palm Beach Gardens, Florida, United States

DiVosta & Company is a homebuilding company serving Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Innovative Construction Group

Jacksonville, Florida, United States

Innovative Construction Group is an off-site solutions provider focused on single-family and multifamily wood-framed construction. Innovative Construction Group is based in Jacksonville, Florida.

Buy -
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