An Arizona homebuilder has agreed to acquire a smaller national builder in a move that will catapult the company into the Triangle’s list of top 10 residential builders.
Taylor Morrison Home Corp. will buy AV Homes Inc. in a cash and stock deal valued at $963 million, the companies announced Thursday.
The transaction is on track to close in the third or fourth quarter. Boards of both companies have already approved the deal.
Taylor Morrison has a territory that spans Florida, Arizona, Texas…
