Cavco Industries Announces the Completion of the Acquisition of Manufactured Home Builder and Retailer, American Homestar
Cavco Industries (Nasdaq: CVCO) has completed the acquisition of American Homestar Corporation for $190 million, funded with cash on hand. The transaction, which closed on September 29, 2025, brings American Homestar's two manufacturing facilities and nineteen retail locations under Cavco's umbrella.
American Homestar, operating as Oak Creek Homes, brings manufacturing capabilities, retail presence across Texas, Louisiana, and Oklahoma, along with manufactured home loan operations and insurance agency services. The acquisition strengthens Cavco's position as one of the largest producers of manufactured and modular homes in the United States.
Cavco Industries (Nasdaq: CVCO) ha completato l'acquisizione di American Homestar Corporation per 190 milioni di dollari, finanziata in contanti con disponibilità interne. La transazione, chiusa il 29 settembre 2025, porta i due stabilimenti produttivi e le diciannove sedi al dettaglio di American Homestar sotto l'ombrello di Cavco.
American Homestar, operando come Oak Creek Homes, porta capacità produttive, presenza al dettaglio in Texas, Louisiana e Oklahoma, insieme a operazioni di prestito per case prefabbricate e servizi di agenzia assicurativa. L'acquisizione rafforza Cavco come uno dei più grandi produttori di case prefabbricate e modulari negli Stati Uniti.
Cavco Industries (Nasdaq: CVCO) ha completado la adquisición de American Homestar Corporation por 190 millones de dólares, financiada con efectivo disponible. La operación, que se cerró el 29 de septiembre de 2025, incorpora las dos instalaciones de fabricación de American Homestar y sus diecinueve locales minoristas bajo el paraguas de Cavco.
American Homestar, operando como Oak Creek Homes, aporta capacidades de fabricación, presencia minorista en Texas, Luisiana y Oklahoma, así como operaciones de préstamos para viviendas fabricadas y servicios de agencia de seguros. La adquisición fortalece la posición de Cavco como uno de los mayores productores de viviendas prefabricadas y modulares en Estados Unidos.
Cavco Industries(Nasdaq: CVCO)가 American Homestar Corporation의 인수를 완료했습니다. 금액은 1억 9000만 달러로, 현금 보유로 자금을 조달했습니다. 2025년 9월 29일에 마감된 이번 거래로 American Homestar의 두 군데 제조시설과 19개의 소매점이 Cavco의 범주에 포함됩니다.
American Homestar는 Oak Creek Homes로 운영되며 제조 역량과 텍사스, 루이지애나, 오클라호마에 걸친 소매망, 제조 주택 대출 운영 및 보험 대리점 서비스를 제공합니다. 이번 인수로 Cavco는 미국에서 가장 큰 제조 및 모듈러 주택 생산자 중 하나로서의 입지를 강화합니다.
Cavco Industries (Nasdaq : CVCO) a finalisé l'acquisition de American Homestar Corporation pour 190 millions de dollars, financée en liquidités disponibles. La transaction, qui a été clôturée le 29 septembre 2025, réunit les deux installations de fabrication et les dix-neuf points de vente au détail d'American Homestar sous l'égide de Cavco.
American Homestar, opérant sous le nom Oak Creek Homes, apporte des capacités de fabrication, une présence au détail au Texas, en Louisiane et en Oklahoma, ainsi que des activités de prêts pour maisons fabriquées et des services d'agence d'assurance. Cette acquisition renforce la position de Cavco en tant que l'un des plus grands producteurs de maisons préfabriquées et modulaires aux États-Unis.
Cavco Industries (Nasdaq: CVCO) hat die Übernahme von American Homestar Corporation für 190 Millionen US-Dollar abgeschlossen, finanziert durch Bargeldreserven. Die Transaktion, die zum 29. September 2025 abgeschlossen wurde, bringt die beiden Fertigungsanlagen und neunzehn Einzelhandelsstandorte von American Homestar unter das Dach von Cavco.
American Homestar, operierend als Oak Creek Homes, bringt Fertigungskapazitäten, Einzelhandelspräsenz in Texas, Louisiana und Oklahoma sowie die Kreditabwicklung für Fertighäuser und Versicherungsagentur-Dienstleistungen. Die Übernahme stärkt Cavcos Stellung als einer der größten Hersteller von Fertig- und Modularhäusern in den Vereinigten Staaten.
Cavco Industries (ناسداك: CVCO) أكملت استحواذها على American Homestar Corporation بقيمة 190 مليون دولار، ممول نقداً من النقد المتاح. أنهت الصفقة في 29 سبتمبر 2025، وتضم منشأتين صناعيتين و تسعة عشر موقعاً للبيع بالتجزئة تابعة لـ American Homestar تحت مظلة Cavco.
American Homestar، التي تعمل باسم Oak Creek Homes، تجلب قدرات التصنيع، ووجوداً تجزئياً في تكساس ولويزيانا وأوكلاهوما، إلى جانب عمليات قروض المنازل المصنوعة وخدمات وكالة التأمين. وتُعزِّز الصفقة مكانة Cavco كأحد أكبر منتجي المنازل المصنوعة والوحدات الجاهزة في الولايات المتحدة.
Cavco Industries（纳斯达克：CVCO）已完成对 American Homestar Corporation 的收购，金额为 1.9 亿美元，资金来自手头现金。该交易于 2025 年 9 月 29 日完成，使 American Homestar 的两座制造工厂和 19 家零售门店纳入 Cavco 的体系。
American Homestar 以 Oak Creek Homes 的名义运营，带来制造能力、在德克萨斯州、路易斯安那州和俄克拉何马州的零售覆盖，以及制造房屋贷款业务和保险代理服务。此次收购巩固了 Cavco 作为美国最大的制造和模块化房屋生产商之一的地位。
- Strategic acquisition valued at $190 million funded entirely with cash on hand
- Expansion of manufacturing capacity with 2 additional facilities
- Addition of 19 retail locations across Texas, Louisiana, and Oklahoma
- Vertical integration benefits through American Homestar's finance and insurance operations
- Potential integration costs and challenges in merging operations
- Risk of unexpected expenses during American Homestar integration
Insights
Cavco's $190M acquisition of American Homestar strengthens its manufactured housing presence and adds vertical integration capabilities.
Cavco Industries has completed its previously announced
This transaction significantly enhances Cavco's vertical integration strategy by incorporating American Homestar's lending and insurance capabilities. American Homestar's operations in writing and selling manufactured home loans, plus its insurance agency business, align perfectly with Cavco's existing CountryPlace Mortgage and Standard Casualty subsidiaries, creating operational synergies in these financial service segments.
The all-cash transaction demonstrates Cavco's strong financial position, as the company is funding the
American Homestar's 50+ years of industry experience and established presence in the southern states complements Cavco's national footprint in the manufactured housing market. The cultural alignment highlighted by CEO Bill Boor indicates potential for smooth post-merger integration, which is often a critical success factor in acquisitions of this scale. This geographic and operational expansion strengthens Cavco's position as one of the largest manufactured and modular home producers in the United States.
PHOENIX, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) is pleased to confirm that, further to the announcement on July 14, 2025, the Company completed the acquisition of the business of American Homestar Corporation and its subsidiaries (collectively, “American Homestar”), effective September 29, 2025. American Homestar, best known in the market as Oak Creek Homes, operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as an agent for third party insurers.
Cavco’s President and Chief Executive Officer Bill Boor said, “We are grateful to Buck Teeter, Dwayne Teeter and the entire American Homestar team for their trust in joining us. This combination is a fantastic cultural and strategic fit, and we are confident that together, our talented teams will unlock new possibilities and create something truly special.”
The purchase price totaled
About Cavco
Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. We are one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. We are also a leading producer of park model RVs, vacation cabins and factory-built commercial structures. Cavco's finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes. Additional information about Cavco can be found at www.cavcohomes.com.
About American Homestar
American Homestar was founded in 1971 by Buck Teeter and is a vertically integrated factory-built housing company, with operations in manufacturing, retailing, finance and insurance. It operates two manufacturing facilities in Texas, with retail locations across Texas, Louisiana and Oklahoma. Additional information about American Homestar can be found at www.americanhomestar.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on current expectations, estimates, and projections about the Company’s business, and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements. Forward-looking statements are generally identified by words such as “may,” “will,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “continue,” or similar expressions, although not all forward-looking statements contain these words.
Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated benefits of the acquisition, the impact of the transaction on the Company’s business, operations, and financial results, and any other statements regarding events or developments that the Company expects or anticipates will occur in the future. Important factors that could cause actual results or events to differ materially from those indicated in the forward-looking statements include, among others: (i) the effect of the completion of the Merger on the Company’s business relationships, operating results, and business generally; (ii) potential unexpected costs, charges, or expenses resulting from the integration of American Homestar; and (iii) other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, filed on May 23, 2025.
Forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected. Any forward-looking statements in this press release are made only as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law.
For additional information, contact:
Mark Fusler
Corporate Controller and Investor Relations
investor_relations@cavco.com
Phone: 602-256-6263
On the Internet: www.cavcohomes.com
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