LGIH - Mergers and acquisitions

THE WOODLANDS, Texas, July 15, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it acquired the real estate assets of Buffington Homebuilding Group, Ltd. ("Buffington"), one of the largest privately held homebuilders in Austin, Texas, for approximately $40 million in cash at closing, subject to post-closing adjustments. This acquisition further expands LGI Homes' land position in the highly attractive Central Texas market and marks another important step forward in LGI Homes' goal to become a top five national homebuilder. The acquired assets include over 100 homes under construction, over 350 finished lots and control of approximately 150 additional finished lots tha

THE WOODLANDS, Texas, May 07, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it has acquired the real estate assets of Minneapolis, Minnesota-based KenRoe, Inc., a privately held homebuilder and land development company, for approximately $27 million at closing, subject to post-closing adjustments. KenRoe is recognized for building quality homes targeted at entry-level buyers. The acquired assets include approximately 85 homes under construction, 130 finished lots, and 390 lots either raw or under development. Additionally, LGI is acquiring control of approximately 2,500 raw, undeveloped lots that will be available for future sales as the Company continues to expand