Sumitomo Forestry has agreed to acquire Tri Pointe Homes, Inc. in an all-cash transaction valued at approximately $4.5 billion, creating a larger U.S. homebuilding platform aimed at expanding the supply of affordable, high-quality housing across key growth markets.
Under the terms of the definitive agreement, Tri Pointe Homes stockholders will receive $47.00 per common share in cash. The offer represents an approximately 29% premium to Tri Pointe Homes’ February 12, 2026, closing stock price, an approximately 42% premium to its 90-day volume-weighted average price, and exceeds the company’s all-time high closing stock price.
Founded in 2009, Tri Pointe Homes has grown into one of the nation’s largest homebuilders, operating more than 150 active communities across 13 high-growth states and the District of Columbia. In 2024, the company delivered more than 6,400 homes and, over its 17-year history, has closed more than 58,000 homes nationwide. The transaction strengthens Sumitomo Forestry’s geographic diversification and adds Tri Pointe’s premium lifestyle brand, locally driven operating model, and established regional relationships.
Sumitomo Forestry, which has invested in locally led U.S. homebuilders for more than two decades, is pursuing a long-term strategy under its “Mission TREEING 2030” vision to supply 23,000 homes annually in the U.S. by 2030. The company expects the acquisition to enhance profitability by leveraging complementary strengths across its five existing U.S. homebuilding businesses and to increase financial capacity to deliver more affordable homes.
Upon completion of the transaction, Tri Pointe Homes will operate as a distinct brand within Sumitomo Forestry’s family of U.S. homebuilders. The company will retain its existing leadership team, including Chief Executive Officer Doug Bauer and President and Chief Operating Officer Tom Mitchell, and maintain its home office in Irvine, California, along with its 17 divisions and financial services operations.
The merger agreement was unanimously approved by the boards of directors of both companies. The transaction is expected to close in the second quarter of 2026, subject to Tri Pointe Homes stockholder approval and other customary closing conditions. It is not subject to a financing condition.
KEY QUOTES
“The addition of Tri Pointe Homes represents a significant step forward in advancing our growth strategy. Tri Pointe Homes shares our focus on quality, customer experience, and a culture that empowers local operating teams. Through the acquisition, we expect to further enhance our profitability by leveraging the complementary strengths of Tri Pointe Homes and each of the five homebuilders within our group. Sumitomo Forestry aims to achieve the goal of supplying 23,000 homes annually in the U.S. by 2030 as set forth in its long-term vision ‘Mission TREEING 2030’. Together with Tri Pointe Homes, which had over 6,400 home closings in 2024, we will strive to achieve further growth through our investment in U.S. housing. We sincerely look forward to partnering with Tri Pointe Homes’ Chief Executive Officer Doug Bauer, President and Chief Operating Officer Tom Mitchell, and the entire Tri Pointe Homes team.”
Toshiro Mitsuyoshi, President And Executive Officer, Sumitomo Forestry
“For 17 years, Tri Pointe Homes has been dedicated to serving families and communities as an innovative national homebuilder with a local mindset. Partnering with Sumitomo Forestry is a natural evolution in Tri Pointe Homes’ growth and reflects the strengths of our differentiated business strategy, premium brand, and design-driven approach. This transaction delivers compelling cash value for our stockholders while accelerating our long-term growth strategy as an independent brand within a scaled, multi-faceted platform. Sumitomo Forestry’s expertise across the housing value chain will support our shared mission to serve the next generation of homebuyers.”
Doug Bauer, Chief Executive Officer, Tri Pointe Homes
“Joining Sumitomo Forestry’s impressive platform provides our customers, partners, and team members with the benefit of scale, capital, and resources, enabling the continued evolution of the Tri Pointe Homes brand well into the future. We are excited to have found Sumitomo Forestry as a partner that is as committed to supporting our talented team as they are to driving forward our growth as part of their portfolio. We look forward to realizing the significant benefits of this combination on behalf of all our stakeholders.”
Tom Mitchell, President And Chief Operating Officer, Tri Pointe Homes
