Arizona-based Taylor Morrison, a leading North American home builder, has entered into a purchase agreement to acquire Texas home builder Darling Homes for an undisclosed price. The acquisition is subject to completion of a number of conditions and approvals prior to closing.
Darling Homes builds homes for move-up buyers in 28 communities in the Dallas-Fort Worth Metroplex and Greater Houston Area markets. Darling has built homes in the Stonebridge Ranch and Tucker Hill communities of McKinney. Allen, Frisco and Prosper are other Collin County cities featuring residences built by Darling Homes.
"We're honored to add a respected builder like Darling Homes to our company," said Sheryl Palmer, CEO and President of Taylor Morrison. "However, the real winners are Texas home buyers, who will benefit from the increased selection of homes that we will offer going forward."
"As home buyers continue to demand top quality homes in sought-after desirable communities, we are pleased that Darling and Taylor Morrison will operate as complementary brands to serve our customers," said Bill Darling, founder of Darling Homes.