Sumitomo Forestry to Acquire Tri Pointe for $4.5 Billion

The acquisition of the 15th largest builder in the U.S. advances Sumitomo Forestry toward its goal of 23,000 U.S. closings by 2030.

Sumitomo Forestry will acquire Tri Pointe Homes, the No. 15 company on the 2025 Builder 100 list, in an all-cash transaction valued at $4.5 billion. The purchase price, at $47 per share, represents a 29% premium to Tri Pointe Homes’ closing stock price on Feb. 12.

“The addition of Tri Pointe Homes represents a significant step forward in advancing our growth strategy,” said Toshiro Mitsuyoshi, president and executive officer of Sumitomo Forestry. “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 home builders within our group.”

Mitsuyoshi reiterated Sumitomo Forestry’s goal of achieving 23,000 annual closings in the U.S. by 2030 as part of the organization’s long-term vision Mission TREEING 2030. Sumitomo Forestry’s U.S. portfolio includes DRB Group (No. 20 on the Builder 100 with 4,929 closings in 2024); Brightland Homes (No. 29 with 3,162 closings); Bloomfield Homes (No. 41 with 2,036 closings); Edge Homes (No. 54 with 1,315 closings); and MainVue Homes (No. 138 with 345 closings). The Japanese parent company took steps to streamline operations in 2025 by consolidating Brightland Homes under the DRB Group brand name in April. 

The combined Sumitomo Forestry portfolio with Tri Pointe Homes will deliver approximately 18,000 homes annually, which would rank as the fifth largest company on the Builder 100 list based on 2024 closings.

“Together with Tri Pointe Homes, which had over 6,400 closings in 2024, we will strive to achieve further growth through our investment in U.S. housing,” Mitsuyoshi continued. “We sincerely look forward to partnering with Tri Pointe Homes’ CEO Doug Bauer, president and chief operating officer Tom Mitchell, and the entire Tri Pointe Homes team.”

Tri Pointe Homes, founded in 2009, has a strong presence across the Western, Southwestern, and Southeastern United States, enhancing the geographic diversification of the Sumitomo Forestry portfolio. According to a news release announcing the transaction, the combination is expected to create “greater financial capacity” to support an increase in the number of affordable, high-quality homes that both companies can deliver to home buyers in the U.S. 

“For 17 years, Tri Pointe Homes has been dedicated to serving families and communities as an innovative national home builder with a local mindset,” Bauer said. “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-drive approach.” 

Upon completion of the transaction, Sumitomo Forestry expects to make meaningful progress toward its long-term vision Mission TREEING 2030. In addition to home building, the company has invested in the U.S. building materials market with its purchase of Teal Jones Louisiana Holdings in July. As part of that transaction, the Japanese parent company plans to launch a timber industrial complex to support the construction of single-family homes and multifamily buildings. 

After the transaction closes, Tri Pointe Homes will become a part of the Sumitomo Forestry family, though will continue to operate as a distinct brand led by the current Tri Pointe Homes management team. Tri Pointe will maintain its home office in Irvine, California, as well as its 17 divisions, and financial services operations. After closing, Tri Pointe Homes will no longer be listed and traded on the New York Stock Exchange, though the builder will still report its fourth quarter and full-year 2025 results on Feb. 25.