M&A Deal Summary

Toll Brothers Acquires Shapell Industries

On February 5, 2014, Toll Brothers acquired construction company Shapell Industries for 1.6B USD

Acquisition Highlights
  • This is Toll Brothers’ 5th transaction in the Construction sector.
  • This is Toll Brothers’ largest (disclosed) transaction.
  • This is Toll Brothers’ 5th transaction in the United States.
  • This is Toll Brothers’ 1st transaction in California.

M&A Deal Summary
Date 2014-02-05
Target Shapell Industries
Sector Construction
Buyer(s) Toll Brothers
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Lazard Ltd. (Financial)

Target

Shapell Industries

Beverly Hills, California, United States
Shapell Industries, Inc. is a land development and home building company,

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Buyer(S) 1

Buyer

Toll Brothers

Fort Washington, Pennsylvania, United States
Category Company
Founded 1967
Sector Construction
Employees4,800
Revenue 10.0B USD (2023)
DESCRIPTION

Toll Brothers is a builder of luxury homes that serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington. Toll Brothers was founded in 1967 and is based in Fort Washington, Pennsylvania.

DEAL STATS #
Overall 5 of 9
Sector (Construction) 5 of 7
Type (Add-on Acquisition) 4 of 8
State (California) 1 of 1
Country (United States) 5 of 9
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-21 CamWest Development

Kirkland, Washington, United States

CamWest Development LLC, is a building company serving the Pacific Northwest. CamWest develops a variety of home types, including luxury single-family homes, condominiums, and townhomes, throughout the Seattle metropolitan area, primarily in King and Snohomish Counties

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Coleman Real Estate Holdings

Florida, United States

Coleman Real Estate Holdings LLC is a real estate company operates in the Boise metropolitan area, primarily in Ada and Canyon Counties, and builds single-family homes ranging from first-time to luxury homes priced from $175,000 to $500,000.

Buy -
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