Berkshire Hathaway agreed on Sunday to acquire homebuilder Taylor Morrison in a $6.8 billion, according to multiple reports. This will mark one of the first major strategic deals under Warren Buffett’s successor Greg Abel, who took over as CEO in the beginning of 2026.
Berkshire Hathaway will pay $72.50 per share in cash for Taylor Morrison, according to a statement. The offer represents a 24% premium to the homebuilder’s closing price on May 29 and values the company at about $8.5 billion, including debt.
It is expected that this deal will close in the second half of 2026, and has been regarded as “relatively modern” by Berkshire standards.
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“Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience,” Abel said in the statement. “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.”
Buffet praised Abel for his work on the deal, saying “Greg did that faster than I could have done it, smoother than I could have done it, and I never talked to the CEO. He has launched.”
Once the deal is finalized, Taylor Morrison will exit public markets, with its shares removed from the New York Stock Exchange as it moves into Berkshire’s private portfolio. Sheryl Palmer, who serves as both chairman and CEO, is expected to stay on alongside the rest of the current leadership.
“Berkshire Hathaway’s long-term orientation is uniquely well-suited to the multi-year investment cycle of homebuilding,” Palmer said in a statement.
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Taylor Morrison would join a Berkshire housing portfolio that includes Clayton Homes, various building-products subsidiaries, and Berkshire Hathaway HomeServices, which ranks among the country’s largest residential brokerage networks. According to the most recent quarterly filing, Berkshire’s equity portfolio also included positions in publicly traded homebuilders Lennar and NVR, according to Reuters.
Buffet handed the company’s reins to Abel after six decades as CEO of Berkshire Hathaway. In January, the company disclosed that it has raised the salary of incoming Chief Executive Greg Abel to $25 million, a dramatic jump from the $100,000 annual salary that his predecessor, Warren Buffett, accepted for more than four decades.
Berkshire’s last major deal came in October 2025, when it reached a $9.7 billion cash deal to purchase OxyChem, the chemical business of Occidental Petroleum.