Dream Finders Homes has proposed to buy Beazer Homes USA for $25.75 a share in cash, valuing the deal at about $704 million and implying a premium of roughly 40% to Beazer’s closing price of $18.35 on May 5, 2026.
The offer comes after Beazer posted its second straight quarterly net loss, while adjusted EBITDA fell 93% year over year in the latest quarter. Dream Finders also said Beazer’s stock has dropped about 13% since Dream Finders’ last proposal.
Dream Finders said the combination would create the seventh-largest U.S. homebuilder and would give the combined company more scale to expand attainable housing. The company said its board has already approved the proposal and that financing support is in place through highly confident letters.
Dream Finders said it has made eight acquisitions since its 2021 IPO, spending more than $1 billion, and said it is prepared to begin confirmatory due diligence and negotiate a merger agreement quickly.
Patrick Zalupski, Dream Finders’ chairman and CEO, said the company is concerned Beazer would continue eroding shareholder value if it remains standalone, citing what he called a suboptimal operating and capital allocation strategy, a limited-scale cost structure, and excessive build costs tied to its product strategy. As a result of these announcements, the company's shares have moved 0.35% on the market, and are now trading at a price of $14.37. If you want to know more, read the company's complete 8-K report here.
