M&A Deal Summary

PulteGroup Acquires Innovative Construction Group

On January 28, 2020, PulteGroup acquired construction company Innovative Construction Group

Acquisition Highlights
  • This is PulteGroup’s 3rd transaction in the Construction sector.
  • This is PulteGroup’s 3rd transaction in the United States.
  • This is PulteGroup’s 2nd transaction in Florida.

M&A Deal Summary

Date 2020-01-28
Target Innovative Construction Group
Sector Construction
Buyer(s) PulteGroup
Deal Type Add-on Acquisition
Advisor(s) Whelan Advisory LLC (Financial)

Target

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.

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Buyer(S) 1

Buyer

PulteGroup

Atlanta, Georgia, United States

Category Company
Founded 1950
Sector Construction
Employees6,793
Revenue 17.9B USD (2024)
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 3 of 3
Sector: Construction M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Florida M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-08 Centex

Dallas, Texas, United States

Centex Corp. is a home builder serving the Southern US markets.

Buy $3.1B