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Legacy Housing Announces Agreement to Purchase Assets of AmeriCasa Solutions, LLC and Addition of New Senior Management
Globenewswire· 2025-11-07 13:14
Core Insights - Legacy Housing Corporation has announced the acquisition of AmeriCasa Solutions, LLC and its FutureHomeX® sales management platform in an all-cash transaction aimed at enhancing revenue growth and improving the homebuying experience [1][2][4] Company Overview - Legacy Housing is one of the largest manufacturers of manufactured homes in the U.S., operating through over 100 independent retailers and 12 company-owned stores, as well as direct sales to manufactured housing communities [2][9] - The company offers homes ranging from approximately 395 to 2,667 square feet, with retail prices between $33,000 and $180,000 [9] Acquisition Details - The acquisition includes a high-performing retail dealership in Houston, a chattel mortgage loan portfolio, an insurance agency, and a services center in Bogotá, Colombia, with the transaction expected to close on or before November 28, 2025 [2] - The FutureHomeX® Platform is designed to streamline the homebuying process through automation and AI, enhancing sales growth across retail dealerships and communities [2][6] Leadership Changes - Norman Newton, the CEO of AmeriCasa Solutions, will join Legacy Housing as Chief Revenue Officer under a five-year employment agreement, bringing over 30 years of executive experience [3][5] Strategic Goals - Legacy Housing's strategy includes expanding company-owned retail locations, increasing sales volume through advanced technology, and adding a Chief Revenue Officer to its leadership team [7]