Homebuilding giant Toll Brothers Inc. purchased Sabal Homes, a private home building company in South Carolina, for an undisclosed sum.
The acquisition added about 1,600 owned and controlled lots across Charleston, Greenville and Myrtle Beach in South Carolina to Toll's portfolio.
As of the deal closing date, the deal increased Toll's selling community count by about 11 communities.
Zelman Partners LLC was the exclusive financial adviser to Sabal.
