Toll Brothers acquired Sabal Homes.

Toll Brothers, the nation’s leading builder of luxury homes, acquired Sabal Homes, one of the top private home building companies in South Carolina. Financial terms were not disclosed. Douglas C. Yearley, Jr., Toll Brothers’ chairman and chief executive officer, stated: “We are thrilled to be joining with Sabal Homes, whose teams will enable us to continue to expand our operations in the Southeast. Charleston, Myrtle Beach, and Greenville are vibrant Top-50 housing markets with favorable demographics and strong population growth. Consistent with our recent acquisition of Sharp Residential in Atlanta, Sabal’s diverse product mix, including homes for first-time, move-up and move-down buyers, will support our strategy of broadening the range of product lines and price points we are offering.”