Taylor Morrison Acquires Pyatt Builders

Paul, Weiss advised leading national homebuilder and developer Taylor Morrison Communities, Inc., in its acquisition of Indiana-based Pyatt Builders, diversifying Taylor Morrison's geographic footprint into a healthy market supported by above-average employment growth and affordability. As part of the deal, Taylor Morrison purchased approximately 1,500 homebuilding lots from privately held Pyatt. Nearly 55% of the acquired lots are controlled via options and the transaction was funded with cash on hand. Financial terms were not disclosed.

The Paul, Weiss team was led by corporate partner Cullen Sinclair, and included partner Thomas de la Bastide and counsel David Epstein; executive compensation partner Rebecca Coccaro; tax partner Robert Killip; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; environmental counsel William O'Brien; and antitrust counsel John Magruder.