Berkshire Hathaway to buy homebuilder Taylor Morrison for $6.8B equity ($8.5B EV) at $72.50/share, Greg Abel's first big deal
Berkshire Hathaway agreed to acquire homebuilder Taylor Morrison Home Corp (NYSE: TMHC) for $72.50 per share in cash, an equity value of about $6.8 billion and total enterprise value of roughly $8.5 billion including deb.
At a glance
- $72.50 per share cash; equity value ~$6.8 billion; enterprise value ~$8.5 billion including debt
- Announced May 31, widely reported June 1, 2026; 24% premium to May 29 close of $58.50
- Greg Abel succeeded Warren Buffett as Berkshire CEO at the start of 2026; Buffett remains chairman
- CEO Sheryl Palmer and management team stay in place
- Taylor Morrison operates across 12 U.S. states under Taylor Morrison, Esplanade and Yardly brands; 2025 revenue $8.1 billion
VERDICT — CONFIRMED
Berkshire Hathaway agreed to acquire homebuilder Taylor Morrison Home Corp (NYSE: TMHC) for $72.50 per share in cash, an equity value of about $6.8 billion and total enterprise value of roughly $8.5 billion including debt. Announced May 31 and widely reported June 1, the price is a 24% premium to Taylor Morrison's May 29 close of $58.50.
It is one of the first major strategic acquisitions under Greg Abel, who succeeded Warren Buffett as Berkshire CEO at the start of 2026 (Buffett remains chairman) — Buffett publicly 'touted Abel's deal-making.' CEO Sheryl Palmer and the existing management team stay in place. Taylor Morrison operates across 12 U.S. states under the Taylor Morrison, Esplanade and Yardly brands, spanning entry-level to resort-lifestyle housing, and posted 2025 revenue of $8.1 billion; the deal vaults Berkshire into the top five U.S. residential builders.
Abel: 'Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team with a trusted reputation for customer experience.' Closing is expected in the second half of 2026, subject to a shareholder vote and regulatory clearance.
Why it matters
a signature, all-cash housing bet that signals Abel will deploy Berkshire's cash pile decisively, and a contrarian wager on U.S. homebuilding even as mortgage rates stay elevated alongside a renewed bond-yield backup.
Key facts on file
- $72.50 per share cash; equity value ~$6.8 billion; enterprise value ~$8.5 billion including debt
- Announced May 31, widely reported June 1, 2026; 24% premium to May 29 close of $58.50
- Greg Abel succeeded Warren Buffett as Berkshire CEO at the start of 2026; Buffett remains chairman
- CEO Sheryl Palmer and management team stay in place
- Taylor Morrison operates across 12 U.S. states under Taylor Morrison, Esplanade and Yardly brands; 2025 revenue $8.1 billion
- Deal vaults Berkshire into top five U.S. residential builders
- Closing expected second half of 2026, subject to shareholder vote and regulatory clearance
- Abel quote: 'Berkshire is acquiring a best-in-class national homebuilder...'
