secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0000950170-23-044670
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyline Champion acquires Regional Homes for $328M plus $130M debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017023044670/0000950170-23-044670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017023044670/sky-20230825.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-044670

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