Cavco completes $190M cash acquisition of manufactured home builder American Homestar

CAVCO INDUSTRIES, INC.

Purchase price $190M, subject to customary post-closing adjustments; funded with cash on hand.
American Homestar shareholders received $20.62 per share in cash; shares vested at closing.
American Homestar (Oak Creek Homes) operates two plants, 19 retail locations, and writes limited home loans.
Deal closed September 29, 2025, following HSR clearance; management cites cultural and strategic fit.

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