Zale Homes

Background

Zale Homes, based in Buffalo Grove, Illinois, is one of the largest privately-held homebuilders in the Chicago market.  In fiscal 2002, Zale Homes delivered 302 homes and generated revenue of approximately US$108 million. Los Angeles based KB Home was seeking to enter the Chicago homebuilding market, which is considered the largest market for new homes outside of the Sun Belt.

Recognized Leader

KB Home is one of America's largest homebuilders with publicly-traded operations in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, New Mexico, North Carolina, Texas, and France.  In fiscal 2002, the Company delivered in excess of 25,000 homes in the United States and abroad.  Entering the Chicago market served as a key component for KB Home’s growth and expansion plans.

Exclusive Financial Advisor

The shareholders of Zale Homes hired KPMG Corporate Finance LLC as its exclusive financial advisor for the sale process.  KPMG Corporate Finance managed the sale process, identified and contacted pertinent strategic buyers, and advised Zale Homes throughout the transaction to ensure the greatest level of value for our client.