Taylor Morrison
Encyclopedia
Taylor Morrison is one of the largest North America
based home building companies. Its corporate headquarters are in Scottsdale
, Arizona
.
The company formed when Taylor Woodrow
and Morrison Homes joined forces in July, 2007. Taylor Morrison operates more than 130 communities in Arizona
, California
, Colorado
, Florida
, and Texas
, building mid-to-upscale housing as well as first-time and mid-market homes. The company also operates in Canada
, where conventional single-family homes as well as high-rise buildings in Toronto
's urban core are marketed under the Monarch
brand.
area, and in 1994, entered into the high-rise sector. Between 1945 and 2001 Taylor Woodrow's main operations were in general construction with Taylor Woodrow Homes only being a small part of the Group.
Morrison Homes was initially founded in Seattle in 1905 by C.G. Morrison and moved to northern California
in 1946. The company built primarily first-time and midmarket home communities in Phoenix
, Sacramento
, Denver, Fort Myers, Jacksonville, Orlando
, Sarasota, Tampa
, Austin
, and Houston. George Wimpey Plc acquired Morrison Homes in 1984 when it was based in San Francisco, Northern California
. George Wimpey's 2001 acquisition of Richardson Homes was later integrated under the Morrison brand.
On July 6, 2007, the United Kingdom-based parent companies of Morrison Homes Inc. and Taylor Woodrow Inc. joined. Taylor Woodrow Plc. and George Wimpey Plc. formed a new company, Taylor Wimpey Plc., becoming one of the world's largest home building companies. Morrison Homes joined with Taylor Woodrow as part of the parent company formation.
The companies continued to operate under their existing brands until 2008, when they began to operate under the new Taylor Morrison brand.
In July, 2011, Taylor Morrison became a wholly owned subsidiary of TMM Holdings Limited Partnership, which is indirectly owned by investment funds separately managed by TPG Capital, Oaktree Capital Management, as well as JH Investments.
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
based home building companies. Its corporate headquarters are in Scottsdale
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
, Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
.
The company formed when Taylor Woodrow
Taylor Woodrow
Taylor Woodrow was one of the largest British housebuilding and general construction companies. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but merged with rival George Wimpey to create Taylor Wimpey on 3 July 2007.-Early years:Frank Taylor was...
and Morrison Homes joined forces in July, 2007. Taylor Morrison operates more than 130 communities in Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
, and Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, building mid-to-upscale housing as well as first-time and mid-market homes. The company also operates in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, where conventional single-family homes as well as high-rise buildings in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
's urban core are marketed under the Monarch
Monarch
A monarch is the person who heads a monarchy. This is a form of government in which a state or polity is ruled or controlled by an individual who typically inherits the throne by birth and occasionally rules for life or until abdication...
brand.
History
Taylor Woodrow was founded in 1921 by Frank Taylor and Jack Woodrow. They built a pair of modest semi- detached houses at 347 and 349 Central Drive, Blackpool. During the twenties, Lord Taylor’s new company concentrated on providing low- cost, high quality housing in the Lancashire area. In the 1930s, Taylor Woodrow diversified into building temporary hospitals, etc., and thereby moved into general construction. In 1936 Taylor Woodrow entered the Canadian construction market through the acquisition of Monarch Development Corporation, founded in 1917, one of Canada’s oldest, largest and most diversified real estate companies. In 1953 the company purchased a controlling interest in a newly established business, Monarch Mortgage and Investments Limited, which owned land, apartment complexes, stores, and houses in the TorontoToronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
area, and in 1994, entered into the high-rise sector. Between 1945 and 2001 Taylor Woodrow's main operations were in general construction with Taylor Woodrow Homes only being a small part of the Group.
Morrison Homes was initially founded in Seattle in 1905 by C.G. Morrison and moved to northern California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
in 1946. The company built primarily first-time and midmarket home communities in Phoenix
Phoenix, Arizona
Phoenix is the capital, and largest city, of the U.S. state of Arizona, as well as the sixth most populated city in the United States. Phoenix is home to 1,445,632 people according to the official 2010 U.S. Census Bureau data...
, Sacramento
Sacramento
Sacramento is the capital of the state of California, in the United States of America.Sacramento may also refer to:- United States :*Sacramento County, California*Sacramento, Kentucky*Sacramento – San Joaquin River Delta...
, Denver, Fort Myers, Jacksonville, Orlando
Orlando, Florida
Orlando is a city in the central region of the U.S. state of Florida. It is the county seat of Orange County, and the center of the Greater Orlando metropolitan area. According to the 2010 US Census, the city had a population of 238,300, making Orlando the 79th largest city in the United States...
, Sarasota, Tampa
Tâmpa
Tâmpa may refer to several villages in Romania:* Tâmpa, a village in Băcia Commune, Hunedoara County* Tâmpa, a village in Miercurea Nirajului, Mureş County* Tâmpa, a mountain in Braşov city...
, Austin
Austin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
, and Houston. George Wimpey Plc acquired Morrison Homes in 1984 when it was based in San Francisco, Northern California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
. George Wimpey's 2001 acquisition of Richardson Homes was later integrated under the Morrison brand.
On July 6, 2007, the United Kingdom-based parent companies of Morrison Homes Inc. and Taylor Woodrow Inc. joined. Taylor Woodrow Plc. and George Wimpey Plc. formed a new company, Taylor Wimpey Plc., becoming one of the world's largest home building companies. Morrison Homes joined with Taylor Woodrow as part of the parent company formation.
The companies continued to operate under their existing brands until 2008, when they began to operate under the new Taylor Morrison brand.
In July, 2011, Taylor Morrison became a wholly owned subsidiary of TMM Holdings Limited Partnership, which is indirectly owned by investment funds separately managed by TPG Capital, Oaktree Capital Management, as well as JH Investments.