Berkshire Hathaway acquired Taylor Morrison for about $8.5 billion in cash, taking the builder private. Taylor Morrison will continue operating under its existing management team, including CEO Sheryl Palmer. The deal is expected to close in the second half of this year, subject to shareholder and regulatory approval. Combined with the site-built builders already owned by Berkshire’s Clayton subsidiary, this would make Berkshire the fourth-largest site-built homebuilder in the United States.
Our affiliate, Builder Advisor Group, has sold Clayton four homebuilders during the past eight years and stays in active dialogue with Berkshire’s homebuilding leadership. Berkshire first entered the U.S. housing sector in 2003 with the acquisition of Clayton Homes. Clayton has grown into the dominant force in manufactured and modular housing, accounting for nearly half of annual home production in that sector. O
