Toll Brothers Acquires Las Vegas Based StoryBook Homes For Undisclosed Sum

Luxury home builder Toll Brothers Inc TOL has acquired StoryBook Homes, a privately-held homebuilder based in Las Vegas, Nevada, for an undisclosed sum.
Toll Brothers expects the deal to strengthen its position in the Las Vegas market.
Founded in 2003 by Wayne Laska and his wife Catherine Laska, StoryBook Homes has built over 1,700 homes in Las Vegas since its inception.
StoryBook's founders and employees will remain with the company and continue to operate new home communities under the StoryBook Homes brand.
Janet Love, current President of StoryBook Homes, will assume the role of Division President of StoryBook Homes as a division of Toll Brothers.
Toll Brothers held $714.9 million in cash and equivalents as of April 30, 2021.
Price Action: TOL shares closed higher by 3.86% at $60.54 on Wednesday.

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