Toll Brothers

Toll Brothers was founded in 1967 in Pennsylvania by Robert I. Toll and Bruce E. Toll. Robert received a law degree from University of Pennsylvania and his B.A. from Cornell University, while his brother Bruce had an accounting degree from the University of Miami. Their father, Albert, built homes and the brothers believed that the new home industry had more to offer. Bruce was 26 and Robert was 27 at the time.{{Cite web|title=History of Toll Brothers Inc. – FundingUniverse|url=http://www.fundinguniverse.com/company-histories/toll-brothers-inc-history/|website=www.fundinguniverse.com|access-date=February 10, 2016}}

Toll Brothers was incorporated as a Delaware corporation with a public offering raising $40 million.{{Cite web|title=Toll Brothers Inc Facts, information, pictures {{!}} Encyclopedia.com articles about Toll Brothers Inc|url=http://www.encyclopedia.com/topic/Toll_Brothers_Inc.aspx|website=www.encyclopedia.com|access-date=February 10, 2016}}

In addition to single-family, carriage house/townhouse and condominium residences, Toll Brothers offers rental apartments (Apartment Living division) and luxury student housing (Campus Living division). They also operate various ancillary businesses including mortgage, insurance, home automation/security, and landscaping.

Robert Toll stepped down as chairman in 2018 and served exclusively as special advisor to the company.{{Cite web|title=Board of Directors|url=https://investors.tollbrothers.com/corporate-governance/board-of-directors|access-date=2021-03-29|website=investors.tollbrothers.com|language=en}}

Douglas C. Yearley Jr. joined Toll Brothers in 1990 and was promoted as chief executive officer in June 2010 and currently holds the position of chairman and chief executive officer.{{Cite web|last=Department|first=Toll Brothers, Inc. Internal Web|title=Toll Brothers - Senior Management|url=https://investors.tollbrothers.com/corporate-governance/senior-management|access-date=March 29, 2021|website=investors.tollbrothers.com}} Doug also serves as co-chair of the Pennsylvania Chapter of American Cancer Society's CEO's Against Cancer.{{Cite web|title = The American Cancer Society: Philadelphia CEOs Against Cancer|url = http://main.acsevents.org/site/TR/Gala/GalaFY10Pennsylvania?pg=entry&fr_id=76187|website = main.acsevents.org|access-date = February 13, 2016}}

Martin Connor was hired as chief financial officer in 2010.

Robert Parahus was promoted to chief operating officer and executive president in 2020.

Toll Brothers has made thirteen acquisitions since 1995:{{Cite web|title=Financial FAQs|url=https://investors.tollbrothers.com/resources/financial-faqs|access-date=2021-03-29|website=investors.tollbrothers.com|language=en}}

• West Texas Woodlands
• Geoffrey H. Edmunds in Scottsdale, Arizona (1995)
• Coleman Homes' Las Vegas Division (1998)
• Silverman Homes in metro Detroit (1999)
• Richard R. Dostie (2003) and The Manhattan Building Company (2003) in northern New Jersey
• the central Florida Division of Landstar Homes (2005)
• CamWest Development in Seattle, Washington (2011)
• Shapell Industries in California (2014)
• Coleman Homes in Boise, Idaho (2016)
• Sharp Residential in Atlanta, Georgia (2019)
• Sabal Homes in South Carolina (2019)
• Thrive Residential in Nashville and Atlanta (2020)
• Keller Homes in Colorado Springs (2020)

Toll brothers has a 1.3/5 score on consumeraffairs.org [https://www.consumeraffairs.com/housing/toll-brothers.html Toll Brothers on Consumer Affairs]. Common complaints are regarding quality and warranty service.

Toll Brothers was sued in April 2007 by a group of investors claiming they were misled by directors about their ability to maintain historically high earnings during the downturn in the U.S. residential real estate market.{{Cite web|url=https://www.sedgwicklaw.com/credit-crunch-digest-12-29-2010/|title=Credit Crunch Digest}} Toll Brothers agreed to settle the suit for $25 million, though they did not admit any wrongdoing.

The project gained notoriety in 2007 when a kettle of roofing tar on the top level caught fire during construction and although quickly contained produced a significant amount of smoke. After meeting with the residents Toll Brothers agreed to fix the seals.{{Cite web|title = Disgruntled Northside Piers Buyers Declare War on Toll Brothers|url = http://ny.curbed.com/archives/2011/03/24/disgruntled_northside_piers_buyers_declare_war_on_toll_brothers.php|website = Curbed NY| date=24 March 2011 |access-date = February 11, 2016}} Toll Brothers sued the contractor who installed the windows for $10 million.{{Cite web|title = Toll Bros. sues contractors at One Northside Piers for $10 million|url = http://therealdeal.com/2012/04/13/toll-bros-sues-contractors-at-one-northside-piers-for-10m/|website = The Real Deal New York|access-date = February 11, 2016|first = Adam|last = Pincus| date=13 April 2012 }}

In 2012, the company was required to pay a penalty of $741,000 for numerous alleged violations of the Clean Water Act, including more than 600 relating to runoff of stormwater at its building sites, among them sites in the Chesapeake Bay Watershed. Toll Brothers agreed to implement storm-water training and prevention techniques across the entire company.{{Cite web|title = Toll Brothers settles with EPA - Public Spirit Willow Grove Guide - Montgomery News|url = http://www.montgomerynews.com/articles/2012/06/21/public_spirit_willow_grove_guide/news/doc4fe36d3704eaf001222989.txt|website = Montgomery Media|access-date = February 11, 2016}}

The Toll Brothers have also filed lawsuits over denial of building permits over concerns about traffic density, watershed and other concerns{{cite web | url=https://www.inquirer.com/news/pennsylvania/crebilly-farm-toll-brothers-development-chester-county-pa-commonwealth-court-20190503.html | title=Two years in, Chester County residents maintain fight against Toll Bros. Over Revolution-era farmland | date=3 May 2019 }}{{cite web | url=https://law.justia.com/cases/pennsylvania/superior-court/2013/329-eda-2013.html | title=Toll Bros., Inc. V. Upper Uwchlan Township (Memorandum) }}

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{{Citation|last=Dobkin|first=Jak|date=September 26, 2007|title=Williamsburg Condo Market Going up in Flames|type=blog|work=Gothamist|publisher=Gothamist|url=http://gothamist.com/2007/09/26/williamsburg_co.php|url-status=dead|archive-url=https://web.archive.org/web/20081207005944/http://gothamist.com/2007/09/26/williamsburg_co.php|archive-date=December 7, 2008|df=mdy-all}}

{{Citation|last=Pearson|first=Sophia|date=November 2, 2010|title=Toll to Pay $25 Million to End Lawsuit Alleging Company Misled Investors|work=bloomberg.com|publisher=Bloomberg L.P.|url=https://www.bloomberg.com/news/2010-11-02/toll-brothers-to-pay-25-million-to-end-lawsuit-alleging-investors-misled.html}}

{{Citation|date=June 20, 2012|url=http://yosemite.epa.gov/opa/admpress.nsf/d0cf6618525a9efb85257359003fb69d/3f7e2d8a276ec4b285257a2300607c35!OpenDocument|title=Homebuilder Toll Brothers Inc. to Pay $741,000 Clean Water Act Penalty and Implement Company-Wide Stormwater Controls / Settlement to Prevent Millions of Pounds of Sediment and Polluted Stormwater Runoff from Entering U.S. Waterways Each Year|publisher=United States Environmental Protection Agency|access-date=February 10, 2016}}

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{{Philadelphia Corporations}}

{{S&P 400 companies}}

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Category:Companies listed on the New York Stock Exchange

Category:Construction and civil engineering companies of the United States

Category:American companies established in 1967

Category:Home builders

Category:Companies based in Montgomery County, Pennsylvania

Category:Construction and civil engineering companies established in 1967

Category:1967 establishments in Pennsylvania

Category:Companies in the S&P 400