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

Sumitomo Forestry has acquired Tri Pointe Homes, a construction other business in Nevada, for $0.01. Tri Pointe Homes is a homebuilder operating in the construction other segment, with development and construction activities tied to Nevada housing markets. Sumitomo Forestry acquisitions focus on expanding strategic exposure to U.S. residential construction through a merger acquisition with an established builder footprint in NV. The announced merger acquisition is a strategic acquisition by Sumitomo Forestry, structured through a merger acquisition process involving Teton Newco, Inc., with deal size undisclosed and closing terms governed by an agreement and plan of merger.