Mergers & Acquisitions ·
Dream Finders completes acquisition of Beazer Homes in all-cash deal valued at approximately $2.2 billion
DFHDream Finders Homes, Inc.
Dream Finders Homes, Inc. completed its previously announced merger with Beazer Homes USA, Inc., on October 20, 2026. Beazer shareholders received $33.50 per share in cash, resulting in aggregate consideration of approximately $878.4 million. The transaction creates the nation's sixth-largest homebuilder by revenue and expands Dream Finders' geographic footprint into California, Nevada, Indiana, Delaware, and the Washington D.C. metropolitan area. To fund the acquisition, Dream Finders sold an additional 450,000 shares of Series B Convertible Preferred Stock for $450 million and drew down $572.1 million from a land bank facility committed by Millrose Properties. Proceeds were used to pay Beazer equity holders, redeem Beazer's $350 million senior notes due 2029, and repay Beazer's credit facility. Dream Finders expects over $100 million in annual run-rate cost synergies.