Tri Pointe Homes Acquired by Sumitomo Forestry | Construction M&A Deal

Sumitomo Forestry has completed the acquisition of Tri Pointe Homes, a general contracting business in New York, for $47 per share. Tri Pointe Homes builds and develops residential homes through general contracting operations, supporting construction M&A activity in NY acquisitions. Sumitomo Forestry acquisitions expand its U.S. footprint by adding a scaled homebuilder platform aligned with strategic acquisition goals. The merger acquisition is a strategic acquisition by a strategic buyer, with deal value reported at about $507.9 million, and it is now closed.