Morrison Foerster LLP-advised Sumitomo Forestry Co. Ltd. announced plans Friday to acquire Tri Pointe Homes, advised by Paul Hastings LLP, in a $4.5 billion all-cash deal that will take the U.S. homebuilder private.

Under the take-private deal announced Friday, Tri Pointe Homes will maintain its distinct brand and join Sumitomo Forestry's network of U.S. homebuilders. (Photo by Timon Schneider/SOPA Images/Sipa USA) (Sipa via AP Images) Under the terms of the deal, Sumitomo Forestry will acquire Tri Pointe Homes for $47 per share in cash, representing a roughly 29% premium to Tri Pointe Homes' closing stock price on Thursday, according to a Friday statement. Once the deal closes, Tri Pointe Homes will delist its shares from the New York Stock Exchange and become a part of Sumitomo Forestry's network of U.S. homebuilders.

"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," said Sumitomo Forestry President and CEO Toshiro Mitsuyoshi. "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."

Founded in 2009, Tri Pointe Homes has a strong U.S. presence across the West, Southwest and Southeast, according to the statement. The company has delivered more than 58,000 housing units to American homebuyers in its 17-year history, the statement says.

Sumitomo Forestry has been investing in locally led builders across the U.S. homebuilding industry for more than two decades, with one of its main goals being an increased number of homes it can deliver to American homebuyers, the statement says.

The deal is meant to boost Sumitomo Forestry's geographic diversification and create a greater financial capacity to support an increase in the number of affordable homes that both companies can deliver to buyers, according to the statement.

The acquisition will help Sumitomo Forestry make progress toward its goal of 23,000 annual U.S. home sales by 2030, the statement says.

"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," said Tri Pointe Homes CEO Doug Bauer. "This transaction delivers compelling cash value for our stockholders while accelerating our long-term growth strategy as an independent brand within a scaled, multifaceted platform."

Once the deal closes, Tri Pointe Homes will continue to operate as a distinct brand led by its existing management team. The company will also maintain its home office in Irvine, California, and its 17 divisions and financial services operations, the statement says.

The deal is expected to close in the second quarter of 2026, subject to customary closing conditions.

The MoFo team advising Sumitomo Forestry was led by co-head of the firm's Asia mergers and acquisitions/private equity practice Randy Laxer and mergers and acquisitions partner Joe Sulzbach, and included finance partners Yuhki Asano, Eric Min and Yemi Tépé; executive compensation partner Domnick Bozzetti; financial services partner Jeremy Mandell; employment and labor partner Eric Tate; capital markets partner John Owen; and antitrust partners Bradley Lui and Kerry Jones.

The Paul Hastings team advising Tri Pointe Homes was led by mergers and acquisitions global co-chair Eduardo Gallardo and included mergers and acquisitions partners Andrew Goodman and Toshiyuki Arai; executive compensation, benefits and ERISA chair Jason Ertel; tax partner Sherry Xie; finance partner Tracey Chenoweth; insurance M&A partner Sanjiv Tata; antitrust partner Joshua Soven; technology transactions co-chair Sarah Gagan; consumer financial services chair Jonice Gray; and real estate partner Brad Ritter.