Cavco Industries Announces the Completion of the Acquisition of Manufactured Home Builder and Retailer, American Homestar

Core Insights - Cavco Industries, Inc. has successfully completed the acquisition of American Homestar Corporation, effective September 29, 2025, following the announcement made on July 14, 2025 [1][2] - The acquisition price was $190 million, funded through cash on hand, and is subject to customary adjustments [2] Company Overview - Cavco Industries, Inc. is headquartered in Phoenix, Arizona, and is one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments [3] - The company also produces park model RVs, vacation cabins, and factory-built commercial structures, and operates a finance subsidiary, CountryPlace Mortgage, which offers various mortgage products [3] - Cavco's insurance subsidiary, Standard Casualty, provides property and casualty insurance to manufactured home owners [3] American Homestar Overview - American Homestar, founded in 1971, is a vertically integrated factory-built housing company with operations in manufacturing, retailing, finance, and insurance [4] - The company operates two manufacturing facilities in Texas and has retail locations across Texas, Louisiana, and Oklahoma [4]