July 3, 2003 |
Pulte Homes Inc., the third-largest U.S. home builder, purchased Sivage-Thomas Homes for an undisclosed amount in cash, enabling Bloomfield Hills, Mich.-based Pulte to expand in the market for first-time buyers in the Southwest. Sivage-Thomas generated $149 million in revenue last year on the closing of 1,100 homes in the Phoenix and Albuquerque regions, Pulte said. Pulte had sales of $7.47 billion. Sivage-Thomas works in the first-time buyer segment.