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New Deal


Announced

Completed

Berkshire Hathaway-backed Summit Homes completed the acquisition of Berkeley Building Co.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Construction Services

Majority

United States

Private Equity

Completed

Friendly

Acquisition

Private

Single Bidder

home builder

Domestic

Synopsis

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Berkshire Hathaway-backed Summit Homes completed the acquisition of Berkeley Building Co, a residential home builder and developer in Boise, Idaho metro area. Financial terms were not disclosed. "We are thrilled to expand into the Boise market and welcome Berkeley to the Summit family. It was clear that both companies share very similar core values and cultural alignment. We are both focused on providing a high-level of customer experience to our new home buyers," Fred Delibero, Summit Homes CEO.

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