Taylor Morrison Home Corp. has agreed to be acquired by Berkshire Hathaway in an all-cash deal valued at about $8.5 billion.
Taylor Morrison is a national community developer and homebuilder with more than 350 communities concentrated in prime locations across 21 markets in 12 states. The company serves a diverse range of homebuyers in the entry-level, move-up and resort lifestyle segments under its Taylor Morrison and Esplanade brands and develops rental communities under its Yardly brand. It also provides financial services to its customers, including mortgage, title and escrow, and homeowners insurance.
Upon completion of the acquisition, Taylor Morrison will continue to be led by its existing management team, including CEO Sheryl Palmer.
