Dream Finders Homes Announces Definitive Agreement to Acquire Beazer Homes for $33.50 Per Share

Dream Finders Homes, Inc. (DFH) has entered into a definitive merger agreement to acquire Beazer Homes USA, Inc. in an all-cash transaction. Upon completion, Beazer Homes will become a wholly owned subsidiary of DFH. The boards of directors of both companies have unanimously approved the agreement, which is expected to close in the fourth quarter of 2026.

Key Details

• Transaction Terms: Dream Finders Homes will acquire all outstanding shares of Beazer Homes for $33.50 per share in cash.
• Timeline & Approvals: The merger is anticipated to close in Q4 2026, subject to the approval of Beazer Homes' stockholders and the satisfaction of customary regulatory conditions.
• Financing: DFH has secured financing commitments to fund the transaction, including a $900 million bridge facility, an $800 million land bank facility, and a $450 million preferred equity investment. The acquisition is not subject to a financing condition.
• Termination Fee: The agreement includes a termination fee of $31.3 million payable by Beazer to Dream Finders Homes under certain circumstances, such as terminating the deal for a superior proposal.