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February 13, 2020
As planned, Taylor Morrison and William Lyon Homes have completed a cash and stock acquisition deal worth about $2.5 billion. The larger Taylor Morrison, which is based in Scottsdale, Arizona, acquired William Lyon of Newport Beach, California. The deal is significant in the Puget Sound region, since William Lyon acquired Polygon Northwest in 2014, adding that Bellevue-based homebuilder to its portfolio of brands. Taylor Morrison now gains a major foothold in the Washington state, Oregon and Nevada markets, and becomes the nation's fifth-largest homebuilder. Taylor Morrison's Sheryl Palmer said in a statement, “This isn't just about being bigger. Taylor Morrison, combined with the rich legacy, reputation, solid land positions and experience the William Lyon team members bring to the equation, make us a stronger, better organization for the long-term.” Taylor Morrison will now have a headcount of around 3,000 employees, and expects over 14,000 closings this year.