Dream Finders closes $2.2 billion all-cash acquisition of Beazer Homes

Dream Finders Homes Inc. has completed its all-cash acquisition of Beazer Homes in a deal that values the combined company at about $2.2 billion, the company announced on Tuesday. Under the terms of the transaction, Beazer shareholders received $33.50 in cash for each share of Beazer common stock. Following the close, Beazer’s common stock stopped trading and was delisted from the New York Stock Exchange. Patrick Zalupski, founder, CEO and co-chairman of Dream Finders, said the acquisition is closing in a “challenging housing environment” but called it “transformative” for the company. He noted that it makes Dream Finders the nation’s sixth-largest homebuilder and moves it into several new markets where Beazer was already active. “This is our ninth acquisition since our IPO in 2021 and by far our largest, and we are approaching it as we have every integration: with a clear plan and the understanding that success is earned one community and one homebuyer at a time,” Zalupski said in a statement. He added that Dream Finders’ immediate priority is to transition homes in Beazer communities to Dream Finders floor plans that “better match what today’s buyers can afford” while using the c...