secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0000278166-21-000041
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco acquires The Commodore Corporation for $153M; expands into Northeast
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- Purchase price of $153M; estimated cash outlay $140M after adjustments and fees, funded with cash on hand.
- Commodore generated LTM net sales of ~$258M, sold over 3,700 homes (6,600 modules) through 6 plants and 2 retail stores.
- Acquisition expected to close in Cavco's fiscal Q3 2022, subject to regulatory approvals.
- Cavco expects the deal to be significantly accretive to earnings and cash flow from operations in FY2022.
- Commodore brings commercial loan portfolio >$25M and over 1,200 employees; Barry Shein to support transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816621000041/0000278166-21-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816621000041/cvco-20210723.htm
  HTML page:      https://secwatch.observer/filing/0000278166-21-000041

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