Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corporation in an all-cash deal with a total enterprise value of approximately $8.5 billion, the companies announced Sunday.
The purchase price of $72.50 per share in cash represents a 24% premium to Taylor Morrison’s closing share price on May 29, at $58.50. At that price, the equity value of the transaction amounts to approximately $6.8 billion. Taylor Morrison shares rose 22% in premarket trading after the announcement, according to CNBC.
For Abel, who took over as CEO in early 2026 when Buffett became chairman, the purchase represents an early test of his dealmaking approach, according to Reuters. Buffett told CNBC that Abel handled the deal without his involvement. “Greg did it faster than I could do it, more easily than I could have done it, and I never spoke to the CEO,” Buffett told CNBC.
“Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience,” Greg Abel said in a statement. “Over time, we hope to unify our site-built home construction operations into a combined platform that will allow us to make the dream of homeownership a reality for more Americans.”
With a presence in 12 states and 21 markets, Taylor Morrison serves more than 350 communities; Its Taylor Morrison and Esplanade brands target buyers ranging from entry-level to resort lifestyle, while the Yardly brand covers rental community development. To complete its business, the company offers ancillary financial services including mortgage financing, titles, escrows and homeowners insurance.
Once the deal closes, Taylor Morrison will exit the public markets and its shares will be delisted from the New York Stock Exchange as they move into Berkshire’s private portfolio. Sheryl Palmer, who serves as president and CEO, is expected to remain alongside the rest of the current leadership.
“Berkshire Hathaway’s long-term orientation fits exceptionally well with the multi-year investment cycle in home construction,” Sheryl Palmer said in a statement.
Taylor Morrison would join a Berkshire housing portfolio that already includes Clayton Homes, several building products subsidiaries and Berkshire Hathaway HomeServices, which is among the largest residential brokerage networks in the country. According to its most recent quarterly filing, Berkshire’s stock portfolio also included positions in publicly traded homebuilders Lennar and NVR, according to Reuters.
The transaction, which requires both Taylor Morrison shareholder approval and standard regulatory approvals, is expected to be completed sometime in the second half of 2026.