In a press release issued today Taylor Morrison, the Top 10 North American homebuilder, has announced that it is being sold to a private investment consortium for $955 million. Taylor Wimpey plc has stated that it has agreed to sell its North American holdings, which include Taylor Morrison in the United States and Monarch in Canada, to investment funds separately managed by TPG Capital and Oaktree Capital Management, as well as JH Investments.
"We are pleased to add Taylor Morrison to our growing portfolio of real estate-related businesses, said Kelvin Davis, TPG senior partner. "Along with Monarch, its Canadian business, Taylor Morrison is a premier North American homebuilder with a reputation online casinos canada for quality, superior design and customer satisfaction."
The transaction is expected to close by the end of May.