Berkshire Hathaway (BRK.B) to Buy Taylor Morrison (TMHC) in $6.8B Cash Deal

Berkshire Hathaway Inc. (BRK.B) will acquire homebuilder Taylor Morrison Home Corp. (TMHC) for $72.50 per share in an all-cash transaction valued at about $6.8 billion, the companies announced Sunday. The offer represents a 24% premium to TMHC’s May 29 close and marks CEO Greg Abel’s first major acquisition since succeeding Warren Buffett. The deal is the largest for Berkshire since its January purchase of Occidental Petroleum’s petrochemical unit. The Omaha-based conglomerate held a record $397 billion in cash at the end of the first quarter. Abel said the acquisition would eventually unify Berkshire’s site-built homebuilding operations into a combined platform, a departure from its traditional hands-off approach that one analyst called “a notable evolution.” Taylor Morrison, based in Scottsdale, Arizona, operates over 350 communities across 12 states and also provides mortgage and title services. The deal comes as new U.S. residential construction fell 2.8% in April, with single-family starts down 9%. Berkshire already owns Clayton Homes and shares of Lennar Corp. The transaction is expected to close in the second half of 2026. Goldman Sachs and Moelis & Co. advised Taylor Morrison.