By Amit Chowdhry Yesterday at 4:04 PM

Berkshire Hathaway and Taylor Morrison announced the completion of Berkshire Hathaway’s acquisition of Taylor Morrison for $72.50 per common share in cash, representing a total equity value of approximately $6.8 billion and total enterprise value of approximately $8.5 billion.

Under Berkshire, Taylor Morrison will continue to be led by CEO Sheryl Palmer, who will oversee the integration of Taylor Morrison’s brands, including Esplanade, Yardly, and Taylor Morrison Home Funding, with Berkshire Hathaway’s site-built homebuilding operations, which comprise Clayton Properties Group, a collection of 15 established regional and local homebuilders. The combined operation is intended to serve renters as well as entry-level, move-up, and resort lifestyle homebuyers.

Combined, Taylor Morrison and Clayton Properties Group delivered nearly 23,000 site-built home closings in 2025, operate across 21 states and 52 housing markets, and serve more than 700 communities nationally, positioning the combined business as the fourth largest homebuilding operation in the United States.

Support: Goldman Sachs & Co. and Moelis & Company served as financial advisors to Taylor Morrison, with Simpson Thacher & Bartlett LLP serving as legal advisor and Mayer Brown LLP serving as financial services regulatory counsel. Gibson, Dunn & Crutcher LLP and Baker McKenzie LLP served as counsel to Berkshire Hathaway.

KEY QUOTES:

“Today marks an important step forward as Taylor Morrison joins Berkshire. This best-in-class national homebuilder will lead our vision for a unified site-built homebuilding operation. Together, we will help more Americans achieve their dream of homeownership.”

Greg Abel, Chief Executive Officer, Berkshire Hathaway

“We have always believed in the strength of our business, and today Berkshire Hathaway has confirmed that belief. As we enter this new chapter, the scale and reach we gain by unifying with Berkshire and Clayton’s regional site-built homebuilders is transformative. We’ll now serve more customers, in more markets, with more choices, while maintaining the specialized local expertise that has made us successful.”

Sheryl Palmer, Chief Executive Officer, Taylor Morrison