Cavco Industries to acquire American Homestar for $190M cash, expects Q3 FY2026 close

CAVCO INDUSTRIES, INC.

Cavco acquires American Homestar (Oak Creek Homes) for $190M cash, funded from cash on hand; expected close in Q3 FY2026.
American Homestar had TTM revenue $194M, net income $16.6M, Adjusted EBITDA $17.8M, and produced 1,676 homes.
Acquisition includes 2 manufacturing plants, 19 retail locations, and 800 employees; expands Cavco's South-Central U.S. presence.
Cavco expects transaction to be accretive to earnings and cash flow, with cost and operational synergy opportunities.
Termination fee of $6M payable by American Homestar under certain conditions; closing requires regulatory approval and 80% shareholder vote.

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