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How Taylor Morrison’s $2.5B acquisition of William Lyon will boost business in Phoenix

Posted by   /  February 18, 2020  /  No Comments

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NEW YORK, NY – APRIL 10, 2013: Sheryl Palmer, President and CEO of Taylor Morrison Home rings the Opening Bell at the New York Stock Exchange on April 10, 2013 in New York City. / Photo by Dario Cantatore/NYSE Euronext

By Angela Gonzales | Phoenix Business Journal

Taylor Morrison Home Corp.’s (NYSE: TMHC) $2.5 billion acquisition of William Lyon Homes boosts the Scottsdale-based homebuilder’s housing community count to more than 40 in metro Phoenix.

“We are working our way to 2,000 units as a combined business in more than 40 communities,” Sheryl Palmer, chairwoman and CEO of Scottsdale-based Taylor Morrison, told Phoenix Business Journal in an exclusive interview.

The acquisition of the Newport Beach, California-based William Lyon puts 10 more communities in metro Phoenix under the Taylor Morrison banner, adding to its existing cadre of 30, she said.

Those William Lyon communities also give Taylor Morrison a larger share of entry-level homes, including 662 home sites in Avondale William Lyon bought in January before the acquisition closed.

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  • Published: 2 months ago on February 18, 2020
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  • Last Modified: February 18, 2020 @ 10:40 am
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