secwatch / observer
8-K filed August 31, 2023, 7:59 PM ET ticker SKY CIK 0000090896
M&A confidence high sentiment neutral materiality 0.75

Skyline Champion to acquire Regional Homes for ~$428M cash plus up to $55M in earnout and stock

Champion Homes, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Champion Homes, Inc. entered into Securities Purchase Agreement with Regional Holdings Corporation, Regional Underwriters, Inc., Heath Jenkins, Dana Jenkins valued at aggregate consideration... cash equal to approximately $428,000,000... plus up to $25,000,000 earnou (effective 2023-08-25).

Action
entry
Agreement
equity purchase
Counterparty
Regional Holdings Corporation, Regional Underwriters, Inc., Heath Jenkins, Dana Jenkins
Value
aggregate consideration... cash equal to approximately $428,000,000... plus up to $25,000,000 earnou
Effective
2023-08-25
Exact text from the filing
Purchase Agreement On August 25, 2023, Skyline Champion Corporation, an Indiana corporation (“Skyline Champion”), entered into a definitive Securities Purchase Agreement (the “Purchase Agreement”) with Champion Home Builders, Inc., a Delaware corporation and subsidiary of Skyline Champion (“CHB”), Champion Retail Housing, Inc., a Delaware corporation and subsidiary of Skyline Champion (together with CHB, “Buyers”), Regional Holdings Corporation, a Mississippi corporation (“Regional”), Regional Underwriters, Inc., a Saint Kitts and Nevis corporation (“Regional Underwriters”), Heath Jenkins, as beneficial owner of the outstanding equity interests of Regional (collectively, with Regional and the Regional Underwriters, the “Sellers”), Dana Jenkins, as beneficial owner of the outstanding equity interests of Helicon Insurance, LLC, and party thereto solely with respect to the sale of Helicon I
View on SEC.gov

119 material agreements filed in the last 30 days. Browse all material agreements →

Champion Homes, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-23-045663
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