Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corp. in an all-cash deal valued at approximately $8.5 billion, adding one of the nation’s largest community developers and homebuilders to Berkshire’s housing portfolio.

The companies announced May 31 that Berkshire will pay $72.50 per Taylor Morrison common share, representing an equity value of approximately $6.8 billion. The purchase price represents a 24% premium to Taylor Morrison’s May 29 closing stock price of $58.50.

Scottsdale, AZ-based Taylor Morrison operates more than 350 communities across 21 markets in 12 states. The company serves entry-level, move-up and resort lifestyle homebuyers under the Taylor Morrison and Esplanade brands, and develops rental communities under its Yardly brand. It also provides mortgage, title and escrow, and homeowners’ insurance services.

The deal is expected to close in the second half of 2026, subject to Taylor Morrison shareholder approval, regulatory approvals and other customary closing conditions. After the transaction closes, Taylor Morrison will become a private company and its shares will no longer trade on the New York Stock Exchange.

Taylor Morrison will continue to be led by its existing management team, including Chairman and CEO Sheryl Palmer.

“Joining Berkshire Hathaway is a once-in-a-lifetime opportunity to propel Taylor Morrison into its next, and most exciting, chapter, supported by Berkshire’s unmatched capital strength and long-term investment philosophy,” Palmer said in the announcement.

Berkshire CEO Greg Abel said the deal reflects Berkshire’s long-standing commitment to housing, citing Clayton Homes and Berkshire’s other building products businesses.

“Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans,” said Abel, who became CEO at the start of this year as the successor to longtime Berkshire Hathaway leader Warren Buffett.