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In 2001, Pulte Homes, Inc acquired Del E. Webb Construction Company, founded by Del Webb, for $1.8 billion. [11] In 2003, the company acquired Sivage-Thomas Homes. [12] In 2009, the company acquired Centex for $1.3 billion in stock. [13] [14] In August 2014, the company acquired the real-estate assets of Dominion Homes for $82 million. [15]
Along with construction, the corporation was also involved in real estate and owned several hotels and casinos which were built and/or expanded by the company. The company was purchased in 2001 by Pulte Homes. [1] Pulte Homes since merged with Centex Corp. and became PulteGroup. [2] Del Webb continues as a brand of PulteGroup. [3] [4]
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2003: Centex Construction is chosen to build the Pentagon Memorial to victims of the 9/11 terrorist attack in Washington, D.C., [14] the National Museum of the Marine Corps, [15] and the United States Air Force Memorial. [16] 2004: Completion of the Gaylord Texan Resort Hotel & Convention Center in Grapevine, Texas. [17]
Is creating the largest homebuilder amidst the worst real estate market in decades such a hot idea? Wall Street seems to say "yes." Pulte Holmes Inc. (PHM) agreed to buy Centex Corp. (CTX) for $1. ...
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