Scaling for 23,000 Annual U.S. Sales by 2030
The acquisition is designed to deepen geographic diversification and fortify financial capacity, positioning the combined platform to accelerate production of affordable housing. The companies say the deal will move Sumitomo closer to its target of 23,000 annual U.S. home sales by 2030.
For Tri Pointe CEO Doug Bauer, the transaction marks what he called a “natural evolution” in the company’s trajectory.
“Partnering with Sumitomo Forestry reflects the strengths of our differentiated business strategy, premium brand and design-driven approach,” Bauer said. He emphasized that the all-cash transaction delivers compelling value to stockholders while preserving Tri Pointe’s independent brand identity within a larger, scaled platform.
Once finalized, Tri Pointe will continue operating under its existing management team. The company will retain its home office in Irvine and maintain its 17 divisions and financial services operations.
The deal is expected to close in the second quarter of 2026, subject to customary regulatory approvals and closing conditions.
