Taylor Morrison acquisition makes combined firm the fifth U.S. largest homebuilder

Taylor Morrison Home Corp. has closed on its acquisition of William Lyon Homes, creating the nation’s fifth largest homebuilder based on last 12 months closings.

The combined company will have a portfolio of approximately 80,000 owned and controlled lots and about 430 active selling communities at time of close.

“With the exit of our equity sponsors in early 2018, we outlined our strategic priorities as a fully floated company — first of them being smart and meaningful growth along with diversification across price points and consumer segments in the top U.S. housing markets,” said Sheryl Palmer, Taylor Morrison chairman and CEO. “With more than one-year under our belt since the AV Homes acquisition, this is the next transformative step in that journey. But make no mistake — this isn’t just about being bigger. Taylor Morrison, combined with the rich legacy, reputation, solid land positions and experience the William Lyon team members bring to the equation