Beazer Homes rejects third offer from Dream Finders Homes
Beazer Homes, one of the nation’s largest energy efficient builders, announced the rejection of unsolicited proposals from Dream Finders Homes. This is the third proposal since February from Florida-based Dream Finders Homes to acquire Beazer Homes. While a merger of the two companies would create the sixth largest homebuilder in the nation, the Beazer Board unanimously determined that all three proposals significantly undervalue the builder.
Dream Finders Homes first approached Beazer Homes on Feb. 5, 2026, with an offer of $28.50 per share in cash. Its most recent proposal on May 5, 2026, was a 10% reduction of $25.75 per share in cash.
“We believe this transaction is a natural next step in our growth trajectory,” said Patrick Zalupski, Dream Finders’ Chairman and CEO in a statement. “We have successfully completed eight acquisitions since our initial public offering in 2021, deploying over $1 billion, and we have demonstrated our ability to execute land-light mergers and acquisitions, generate positive operating cash flows post-acquisition and effectively integrate homebuilding operations, further enhancing our revenues and diversifying our geographical footprint.”
“The proposals represent a significant and unwarranted discount to Beazer’s inherent value, and neither recent nor historical industry transactions support such a valuation,” wrote the Beazer Board in its rejection of the offer.
In an interview with Green Home Builder in February, Allan Merrill, President and CEO of Beazer Homes remained confident on the future of the company. “I’m optimistic about the momentum around high-performance homes becoming more mainstream, because it aligns with what buyers need most right now: affordability and confidence in the monthly cost of homeownership,” said Merrill.
