M&A
confidence high
sentiment positive
materiality 0.75
Skyline Champion acquires Regional Homes for $328M plus $130M debt
Champion Homes, Inc.
- Purchase price ~$328M plus assumed debt of ~$130M, with earnout and working capital adjustments.
- Regional Homes is 4th largest HUD manufacturer; 3 plants in AL and 43 retail centers in SE US.
- Regional Homes had est. 2022 revenue of ~$523M and EBITDA of ~$84M; sold ~5,000 homes.
- Skyline Champion to fund deal with cash on hand and $30M in common stock; expected close in fiscal Q3 2024.
- Acquisition expected to expand captive retail and manufacturing distribution in Alabama and Mississippi.