trending Market Intelligence /marketintelligence/en/news-insights/trending/8yE-mcT7ICoIML4T-IQRAg2 content esgSubNav
In This List

Trumark to sell 60% stake to Daiwa House's US subsidiary

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


Trumark to sell 60% stake to Daiwa House's US subsidiary

California-based developer and homebuilder Trumark Cos. LLC agreed to sell a 60% equity interest in the company to Daiwa House USA Inc.

The U.S. subsidiary of Japanese homebuilder Daiwa House Industry Co. Ltd. also committed to provide more capital to fund the further development of Trumark's business.

Michael Maples and Gregg Nelson, Trumark's co-founding principals, will continue to be part-owners and will be co-CEOs of the business.

The transaction is part of Daiwa House USA's strategic initiative to expand its business in North America.