Taylor Morrison completes $2.5B acquisition of William Lyon Homes

Posted at 10:09 AM, Feb 07, 2020
and last updated 2020-02-07 12:09:38-05

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.

Read more from the Phoenix Business Journal.