1 minute readSekisui House-owned Western regional power builder Woodside Homes is said to be finalizing details of its acquisition of Meridian, ID-based Hubble Homes, a top 100 homebuilding enterprise with annual revenues upwards of $300 million.
The purchase of Boise-metro area Hubble – whose 11 or 12 actively-selling communities arc the western periphery of the state capital and generate 600 to 700 new home closings annually – rounds out an increasingly imposing Western Regional footprint that Japan-based Sekisui House began assembling with its 2017 acquisition of Salt Lake City-based Woodside Homes in 2017, adding Pacific Northwest operator Holt Homes in December 2021, and anteing up $514 million for Houston-based Texas power builder Chesmar Homes a year ago – almost to the day.
For Sekisui House and its North American operating unit SH Residential Holdings, near-term sales dynamics play almost no role in what is a long-term strategy. A slide from the organization’s Sixth Mid-Term Management Plan: Business Strategy, from this past March, promises M&A growth into the Southeastern region of the U.S., a roll-out of the ShaWood product and technology platform throughout its California, Arizona, and Nevada footprint, and growth in its masterplanned communities business.
One big question in a devilishly tricky economic context is, “has the lamp for mergers and acquisitions switched on after an earlier pause” due to bank, investment, and strategic disruptions?
Word is there are a lot of deals that have been on or off in the works for some time, and a number of them are highly active right now.
