Tri Pointe Homes, Inc. (formerly Quadrant Homes) is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. The company is the 15th largest home construction company in the United States based on the number of homes closed.[1]
| Formerly | TRI Pointe Group, Inc. (2014–2020) |
|---|---|
| Type | Subsidiary |
| NYSE: TPH | |
| Industry | Home construction |
| Founded | April 2009 in Irvine, California, U.S. |
| Headquarters | Incline Village, Nevada, |
Key people | Douglas F. Bauer, CEO Thomas J. Mitchell, COO Glenn J. Keeler, CFO |
| Parent | Sumitomo Forestry |
In February 2026, Japanese firm Sumitomo Forestry agreed to acquire the company.[2] The deal was completed in May, 2026.[3]
History
editTri Pointe was founded in April 2009 in Irvine, California by Doug Bauer, Tom Mitchell, and Mike Grubbs. In 2010, it received $150 million in financing from Starwood Capital.[4]
In January 2013, Tri Pointe became a public company via an initial public offering.[5]
In July 2014, Tri Pointe acquired Weyerhaeuser Real Estate Company (WRECO), which constructed homes under the names Quadrant Homes (greater Seattle and Puget Sound area), Pardee Homes (California and Nevada), Maracay Homes (Arizona), Trendmaker Homes, Avanti Custom Homes, Texas Casual Cottages (Texas), Winchester Homes, Camberley Homes, and Everson Homes (Maryland and Virginia).[6][7]
In January 2021, the company changed its corporate name and rebranded all of its subsidiaries under the name Tri Pointe Homes.[8][9]
In 2026, Sumitomo Forestry agreed to acquire the company for $47 per share, valuing the deal at about $4.5 billion.[10][2] The deal was completed in May, 2026 with Tri Pointe Homes becoming a wholly owned subsidiary of Sumitomo Forestry America, Inc., which is a wholly owned subsidiary of Sumitomo Forestry Group, and ceased trading on the New York Stock Exchange.[3]
References
edit- ↑ "The Top 100". Zonda.
- 1 2 "Japan's Sumitomo Forestry to acquire US builder Tri Pointe Homes for about $4.5 bln". Reuters. Feb 13, 2026. Retrieved Jun 16, 2026.
- 1 2 "Sumitomo Forestry Completes Acquisition of Tri Pointe Homes, Creating a Leading U.S. Homebuilder". GlobeNewswire. May 14, 2026. Retrieved Jun 16, 2026.
- ↑ Shanesy, Lauren (May 2, 2018). "The Recession Didn't Slow Down This Builder". Builder Magazine.
- ↑ Daniel, Robert (January 31, 2013). "Tri Pointe Homes IPO up 15% over $17 price". MarketWatch.
- ↑ "TRI Pointe Homes Closes $2.8 Billion Merger with Weyerhaeuser Real Estate Company" (Press release). Tri Pointe Homes. July 8, 2014.
- ↑ Hudson, Kris (July 7, 2014). "With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services". The Wall Street Journal.
- ↑ "Homebuilder Tri Pointe rebranding local builders under one name". Orange County Register. January 20, 2021.
- ↑ Gonzales, Angela (January 27, 2021). "Maracay name dropped in Arizona — hello Tri Pointe Homes". American City Business Journals.
- ↑ KUROSAWA, AMI (February 13, 2026). "Sumitomo Forestry to become 5th-largest US homebuilder with $4.2bn buy". The Nikkei.
External links
edit- Official website
- Historical business data for Tri Pointe Homes, Inc.:
- SEC filings