Sumitomo Forestry to Acquire Tri Pointe Homes in $4.5B Deal

Combination to create a leading U.S. homebuilder and accelerate growth of Tri Pointe Homes' high-quality operations

Published on Feb. 13, 2026

Got story updates? Submit your updates here. ›

Sumitomo Forestry Co., Ltd. and Tri Pointe Homes, Inc. today announced a definitive agreement for Sumitomo Forestry to acquire Tri Pointe Homes in an all-cash transaction valued at approximately $4.5 billion. The combination will expand Sumitomo Forestry's U.S. presence and add Tri Pointe Homes' premium lifestyle brand, strong operating model, and deep local relationships to its portfolio.

Why it matters

The acquisition supports Sumitomo Forestry's goal of expanding its U.S. homebuilding operations and delivering more affordable, high-quality homes to American homebuyers. For Tri Pointe Homes, the deal provides access to Sumitomo Forestry's resources and expertise to accelerate the company's long-term growth strategy.

The details

Under the terms of the agreement, Sumitomo Forestry will acquire Tri Pointe Homes for $47 per common share in an all-cash transaction. This represents an approximately 29% premium to Tri Pointe Homes' closing stock price on February 12, 2026. Upon completion of the transaction, Tri Pointe Homes will become a wholly owned subsidiary of Sumitomo Forestry and will continue to operate as a distinct brand led by its existing management team.

  • The transaction is expected to close in the second quarter of 2026, subject to Tri Pointe Homes stockholder approval and other customary closing conditions.
  • Tri Pointe Homes will issue its full fourth quarter and full-year 2025 results on February 25, 2026.

The players

Sumitomo Forestry Co., Ltd.

A Japanese company engaged in a broad range of global businesses centered on wood, including forestry management, the manufacture and distribution of wood building materials, and real estate development.

Tri Pointe Homes, Inc.

One of the largest homebuilders in the U.S. with a strong presence across the Western, Southwestern, and Southeastern United States.

Toshiro Mitsuyoshi

President and Executive Officer of Sumitomo Forestry.

Doug Bauer

Chief Executive Officer of Tri Pointe Homes.

Tom Mitchell

President and Chief Operating Officer of Tri Pointe Homes.

Got photos? Submit your photos here. ›

What they’re saying

“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.”

— Toshiro Mitsuyoshi, President and Executive Officer of Sumitomo Forestry (Globe Newswire)

“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.”

— Doug Bauer, Chief Executive Officer of Tri Pointe Homes (Globe Newswire)

“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.”

— Tom Mitchell, President and Chief Operating Officer of Tri Pointe Homes (Globe Newswire)

What’s next

The transaction is expected to close in the second quarter of 2026, subject to Tri Pointe Homes stockholder approval and other customary closing conditions.

The takeaway

The combination of Sumitomo Forestry and Tri Pointe Homes will create a leading U.S. homebuilder with the resources and expertise to accelerate the delivery of affordable, high-quality homes to American homebuyers. The deal reflects Sumitomo Forestry's strategic focus on expanding its U.S. presence and Tri Pointe Homes' commitment to growth and innovation.