Dream Finders Homes Completes Acquisition of Beazer Homes
Dream Finders Homes completed its acquisition of Beazer Homes USA in an all-cash deal with an enterprise value of approximately $2.2 billion, with Beazer shareholders receiving $33.50 per share. Beazer's stock has been delisted from the NYSE, and the combined company is now the sixth-largest U.S. homebuilder, spanning 26 of the top 50 MSAs with new markets in California, Nevada, Indiana and Delaware. Management expects over $100 million of annual run-rate cost synergies and double-digit percentage EPS accretion in year one, while committing to return to improved leverage metrics within 18 to 24 months.
Key figures
- Deal Value Usd
- $2.2 billion
- Eps accretion
- double-digit percentage in year one
- Per share consideration
- $33.50 in cash per Beazer share
- Leverage normalization window
- 18 to 24 months
- Annual run rate cost synergies
- $100 million+
AI analysis
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