secwatch.observer — SEC 8-K summary
======================================

Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0000278166-25-000105
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816625000105/0000278166-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816625000105/cvco-20250714.htm
  HTML page:      https://secwatch.observer/filing/0000278166-25-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer