Overview
- Berkshire agreed on May 31 to acquire Taylor Morrison in an all-cash deal at $72.50 per share that implies about $6.8 billion in equity value and roughly $8.5 billion in enterprise value, with closing expected in the second half of 2026 subject to shareholder and regulatory approvals.
- Taylor Morrison will be taken private and delisted from the New York Stock Exchange after closing, and CEO Sheryl Palmer and the existing management team are expected to remain in place.
- Berkshire says the deal broadens its presence in site-built homes and could be combined over time with its existing housing operations such as Clayton Homes to create a unified site-built platform.
- Investors reacted sharply to the offer with Taylor Morrison shares jumping about 22% while Berkshire stock was largely unchanged, and the purchase uses less than 2% of Berkshire’s roughly $380–381 billion cash reserves.
- The transaction comes as U.S. homebuilding faces higher mortgage rates and cyclical softness, and it could accelerate consolidation in the sector while giving Berkshire vertical exposure to mortgage, title, escrow and insurance services that sit alongside home construction.