Toll Brothers acquires luxury homebuilder Buffington Homes
Toll Brothers, the nation’s leading luxury homebuilder, announced that it has signed a definitive agreement to acquire substantially all the assets of Buffington Homes of Arkansas. The acquisition will establish a strong presence for the builder in the Fayetteville/Bentonville market and expand its footprint in northwest Arkansas. The transaction is expected to close in the Company’s third quarter.
Buffington Homes is the largest luxury home builder in northwest Arkansas. Buffington Homes currently owns or controls over 1,500 lots in the northwest Arkansas market with nine active selling/coming soon communities.
“We are excited to be entering the vibrant and growing Fayetteville/Bentonville market, further expanding the geographic footprint of our luxury home building operations across the country,” said Karl K. Mistry, Chief Executive Officer of Toll Brothers. “Buffington Homes is the leading luxury home builder in this market with exceptional communities, strong financial performance, and a reputation for quality. We look forward to leveraging their team’s local expertise and strong land position in northwest Arkansas while adding value and scale to successfully grow the business into the future.”
With this acquisition of Buffington Homes, Toll Brothers will have completed 16 home builder acquisitions since 1995.
