Morrison Foerster (“MoFo”) advised Sumitomo Forestry Co., Ltd. (“Sumitomo Forestry”) (TSE: 1911) on a definitive agreement to acquire Tri Pointe Homes, Inc. (“Tri Pointe Homes”) (NYSE: TPH) in an all-cash transaction valued at approximately USD 4.5 billion (approximately JPY 689 billion at a JPY:USD conversion rate of 153:1). Sumitomo Forestry and Tri Pointe Homes are united by a shared commitment to thoughtful growth, design-forward communities, and locally led operations.
Founded in 2009, Tri Pointe Homes has grown into one of the nation’s leading homebuilders with a strong presence across the Western, Southwestern, and Southeastern United States. The combination enhances Sumitomo Foresty’s geographic diversification, while adding Tri Pointe Homes’s premium lifestyle brand, strong operating model, and deep local relationships. The combination is expected to create greater financial capacity to support an increase in the number of affordable, high-quality homes that both companies can deliver to U.S. homebuyers.
The global MoFo team advising Sumitomo Forestry was led by Randy Laxer, Tokyo partner and co-head of our Asia M&A/PE Practice, and Joe Sulzbach, New York M&A partner. Randy and Joe are supported by corporate associates Bryce Gray, Vonnie Nam, Ning Ning, Hilary Lee, and Hannah Kim. Valuable assistance was provided by finance partners Yuhki Asano, Eric Min, and Yemi Tépé, executive compensation partner Domnick Bozzetti, financial services partner Jeremy Mandell, and senior of counsel Kenneth Kohler, employment and labor partner Eric Tate, capital markets partner John Owen, and antitrust partners Bradley Lui and Kerry Jones.
Completion of the transaction is expected in the first half of 2026, subject to certain conditions, including approval of the merger by Tri Pointe Homes’s stockholders and other customary conditions. More information can be found in Sumitomo Forestry’s press release.
