M&A Deal Summary

Sumitomo Forestry Acquires JPI

On October 2, 2023, Sumitomo Forestry acquired construction company JPI

Acquisition Highlights
  • This is Sumitomo Forestry’s 3rd transaction in the Construction sector.
  • This is Sumitomo Forestry’s 2nd transaction in the United States.
  • This is Sumitomo Forestry’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-10-02
Target JPI
Sector Construction
Buyer(s) Sumitomo Forestry
Deal Type Add-on Acquisition
Advisor(s) Norton Rose Fulbright (Legal)

Target

JPI

Irving, Texas, United States
JPI is a national developer, builder, and investment manager of Class A multifamily assets across the U.S. The Firm offers investment management, predevelopment, underwriting, marketing, and asset management services as well as construction, financial, and administrative services. JPI is headquartered in Irving, Texas.

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Buyer(S) 1

Buyer

Sumitomo Forestry

Tokyo, Japan
Category Company
Sector Forest Products
DESCRIPTION

Sumitomo Forestry has its roots in forest ownership and its management. The Company focuses on the wood-product businesses, emphasizing sustainability, fairness, and societal value in its operations. The company's business expanded to include importing, trading and distributing timber and wood-based products, as well as single-family homebuilding and other housing-related businesses. Sumitomo Forestry is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 3
Sector (Construction) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-27 Crescent Communities

Charlotte, North Carolina, United States

Crescent Communities is a real estate company specializing in the development and sale of single family, multifamily, commercial and mixed use communities. The Company creates high-quality, differentiated communities in desirable locations in many of the fastest growing markets in the Southeast and Southwest. Crescent Communities is based in Charlotte, North Carolina.

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Company

Legal