Berkshire Hathaway has reached an agreement to acquire Taylor Morrison Home Corporation in an all-cash deal valued at about $8.5 billion, the companies announced Sunday.

Under the terms of the deal, Berkshire will pay $72.50 per common share, representing a 24% premium to Taylor Morrison’s closing stock price of $58.50 on Friday. The homebuilder’s equity is valued at roughly $6.8 billion in the transaction.

Taylor Morrison will continue to operate under its current management team, led by CEO Sheryl Palmer, and will become a privately held company following the completion of the deal. Its shares will be delisted from the New York Stock Exchange.

The companies expect the acquisition to close in the second half of 2026. Goldman Sachs and Moelis served as financial advisors to Taylor Morrison.

The move marks another significant investment by Berkshire Hathaway in the U.S. housing sector as the company continues to deploy capital across various industries.