M&A Deal Summary

Toll Brothers Acquires The Manhattan Building

On October 28, 2003, Toll Brothers acquired construction company The Manhattan Building

Acquisition Highlights
  • This is Toll Brothers’ 2nd transaction in the Construction sector.
  • This is Toll Brothers’ 2nd transaction in the United States.
  • This is Toll Brothers’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2003-10-28
Target The Manhattan Building
Sector Construction
Buyer(s) Toll Brothers
Deal Type Add-on Acquisition

Target

The Manhattan Building

Hoboken, New Jersey, United States
The Manhattan Building Company has specialized in the development and redevelopment of urban in-fill locations in Hoboken and Jersey City during the past two decades.The Manhattan Building has developed more than 800 residential units totaling over $180 million

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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 2 of 9
Sector (Construction) 2 of 7
Type (Add-on Acquisition) 2 of 8
State (New Jersey) 1 of 1
Country (United States) 2 of 9
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-04 Richard R. Dostie

Jacksonville, Florida, United States

Richard R. Dostie, Inc. designs, constructs, markets and sells a variety of homes throughout the Jacksonville metropolitan area. Its base home prices generally range from the $190,000's to over $600,000. has delivered over 4,000 homes in the Jacksonville market since then.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-02 Landstar Homes Central Florida Division

Florida, United States

Landstar Homes' Central Florida Division is a privately held homebuilders in Florida.

Buy -
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