Taylor Morrison Home Corp. closed its $2.5 billion acquisition of William Lyon Homes on Thursday, making the Scottsdale-based homebuilder the fifth-largest in the nation.
The purchase also gives Taylor Morrison entry into Washington, Oregon and Nevada markets and increases its entry-level market penetrations, Sheryl Palmer had told the Phoenix Business Journal in a previous interview.
The acquisition of the Newport Beach, California-based William Lyon also increases Taylor Morrison's workforce to more than 3,000 employees nationwide.
This is the company's sixth acquisition under Palmer's leadership since Taylor Morrison went public in 2013.
