Dream Finders Homes expects over $100 million in annual run-rate cost synergies from Beazer acquisition
DFH•Dream Finders Homes expects more than $100 million in annual run-rate cost synergies from its completed Beazer Homes acquisition and double-digit percentage EPS accretion in year one. The all-cash deal had an enterprise value of about $2.2 billion, with Beazer shareholders receiving $33.50 per share.
1. Synergy and leverage targets
Dream Finders Homes expects more than $100 million in annual run-rate cost synergies from its completed acquisition of Beazer Homes and double-digit percentage earnings per share accretion in year one. Management targets returning to, and improving on, current leverage metrics within 18 to 24 months. The all-cash transaction had an enterprise value of approximately $2.2 billion, and Beazer shareholders received $33.50 per common share.
