Legacy Housing Announces Agreement to Purchase Assets of AmeriCasa Solutions, LLC and Addition of New Senior Management

Rhea-AI Summary

Legacy Housing (NASDAQ: LEGH) agreed to acquire substantially all assets of AmeriCasa Solutions, LLC, including the FutureHomeX® sales management platform, in an all-cash transaction announced Nov 7, 2025.

The deal includes a high-performing Houston retail dealership, a chattel mortgage loan portfolio, an insurance agency and a services center in Bogotá, Colombia. Closing is to occur on or before Nov 28, 2025. Legacy also named AmeriCasa CEO Norman Newton as Chief Revenue Officer under a five-year employment agreement.

Legacy said the acquisition and new CRO will support a strategy to expand company-owned stores, increase sales via company-owned stores and affiliates, and deploy FutureHomeX® to automate and scale the homebuying experience across its network of over 100 independent retailers and 12 company-owned stores.

Positive

• Acquired FutureHomeX® sales management platform
• Added a high-performing Houston retail dealership
• Chattel loan portfolio and insurance agency included
• Norman Newton joins as Chief Revenue Officer under a five-year deal
• Closing set on or before Nov 28, 2025

Negative

• All-cash transaction with no purchase price disclosed
• Transaction subject to closing by Nov 28, 2025

Insights

M&A and Revenue Strategy Expert

Acquisition of AmeriCasa assets and hiring of its CEO should strengthen Legacy Housing's sales tech and distribution reach.

Legacy Housing acquires the FutureHomeX® platform, a Houston retail dealership, a chattel mortgage loan portfolio, an insurance agency and a services center in Bogotá, Colombia, and adds Norman Newton as Chief Revenue Officer under a five-year agreement; the deal closes on or before November 28, 2025. This extends Legacy's control over a sales-management stack and adds owned retail and financing-related assets that can shorten the sales cycle and centralize customer workflows.

Execution depends on integrating the FutureHomeX® platform into Legacy's >100 independent retailers and 12 company-owned stores and on retaining the acquired loan, insurance and service assets; integration complexity, data migration, dealer adoption and cross-border operations present measurable operational risk. The announcement states the integration is expected to enhance the homebuying experience and drive sales growth, but provides no financial terms, timelines for rollout, or quantified targets.

Watch for the closing on or before November 28, 2025, early rollout metrics (dealer onboarding counts, conversion-rate changes, and any disclosed revenue uplift) and any post-close disclosure of purchase price or capital allocation. Near-term indicators over the next 3–12 months will show whether the platform scales across company-owned stores and affiliated dealers as intended.

BEDFORD, Texas, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH), a leading manufacturer of community-focused manufactured homes, today announced entering into agreement to purchase the assets of AmeriCasa Solutions, LLC (“AmeriCasa Solutions”) and its proprietary sales management platform, FutureHomeX®. Legacy Housing also announced the appointment of Norman Newton, AmeriCasa’s Chief Executive Officer, as Legacy Housing’s new Chief Revenue Officer.

Legacy Housing is one of the largest producers of manufactured homes in the United States, distributing homes and “tiny houses” through a network of over 100 independent retailers and 12 company-owned stores, as well as directly to manufactured housing communities.

As part of a strategic shift to accelerate revenue growth, Legacy Housing is implementing a three-pronged approach that includes:

• Expanding the number of its company-owned retail locations,
• Increasing its sales volume through company-owned stores and affiliates by leveraging advanced technology and sales support, and
• Adding a Chief Revenue Officer to its leadership team.

In alignment with this strategy, on October 30, 2025, Legacy Housing entered into an agreement to acquire substantially all of the assets of AmeriCasa Solutions, LLC and its FutureHomeX® Platform in an all-cash transaction. The integration of the FutureHomeX® Platform is expected to enhance the homebuying experience and drive sales growth across retail dealerships and communities through a more systematic, consistent and automated process. The acquisition also includes a high-performing retail dealership in Houston, a chattel mortgage loan portfolio, an insurance agency and a services center located in Bogotá, Colombia. Closing of the transaction is to occur on or before November 28, 2025.

AmeriCasa Solutions Co-Founder and Chief Executive Officer Norman Newton will join Legacy Housing under a five-year employment agreement serving as its Chief Revenue Officer. Mr. Newton has more than 30 years of senior executive experience in both public and private companies across domestic and international markets. He is the Founder of Newton Vision Corp, LLC, a private investment and professional services firm based in Austin, Texas. Mr. Newton holds a BBA degree in Finance from the University of Texas at Austin.

Legacy Housing and AmeriCasa Solutions have a longstanding collaborative relationship. Most recently, Legacy Housing engaged FutureHomeX® to accelerate sales at company-owned retail locations. Concurrently, AmeriCasa Solutions was seeking a strategic partner to scale the FutureHomeX® Platform across the manufactured housing industry. A combination of the businesses was a natural fit.

Mr. Newton commented, “We’ve spent years developing and refining the FutureHomeX® Platform and we were looking for the right partner to scale its deployment and impact. Legacy Housing’s extensive network of affiliate retailers, park operators and company-owned stores provides the ideal environment for growth. We’re thrilled to be joining the Legacy Housing team.”

Legacy Housing Board member Curt Hodgson added, “We’ve known the AmeriCasa Solutions team for years and have been consistently impressed with their innovation and execution. Acquiring AmeriCasa Solutions and FutureHomeX®, and bringing Norman onto our management team, is a natural and strategic fit for us.”

Mr. Newton further stated, “Our vision was simple: build a technology platform — centered on artificial intelligence and automation — that transforms the manufactured home buying experience across retail dealerships, communities and factory-direct channels. Legacy accelerates the execution of that vision.”

About AmeriCasa Solutions, LLC

Founded in 2016, AmeriCasa Solutions, based in Austin, Texas, was established to simplify the manufactured home buying experience through a vertically integrated model encompassing home sales, insurance, mortgage origination and servicing, and community development and management. Central to its strategy is the FutureHomeX® Platform, a proprietary software solution supported by a nearshore services center in Bogotá, Colombia. The Platform is currently used by numerous retail dealers and communities and is considered one of the most advanced sales management systems in the manufactured home industry. FutureHomeX® streamlines the sales process — from marketing and lead generation to customer prequalification, home selection, inventory management and delivery coordination—while leveraging AI and automation to drive efficiency and scalability. AmeriCasa Solutions operates under several brands including AmeriCasa Dream Homes, AmeriCasa Insurance Agency, First Home Financial, AmeriCasa Communities and FutureHomeX®.

About Legacy Housing Corporation

Legacy Housing builds, sells and finances manufactured homes and "tiny houses" distributed through independent retailers and company-owned stores, as well as directly to manufactured housing communities. With operations primarily in the southern United States, Legacy offers homes ranging from approximately 395 to 2,667 square feet, with 1 to 5 bedrooms and up to 3.5 bathrooms. Retail prices range from approximately $33,000 to $180,000. Legacy Housing is one of the largest producers of manufactured homes in the country.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, including acquisition-related risks, such as the challenges in integrating acquired assets into Legacy Housing’s operations, the occurrence of unforeseen operating difficulties and expenditures, and the diversion of management’s attention away from other parts of the business, as well as others described in Legacy Housing’s periodic reports filed with the SEC. There can be no assurance that the AmeriCasa Solutions acquisition will prove to be beneficial to Legacy Housing. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy Housing undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by federal securities law. Investors should not place any reliance on any such forward-looking statements.

Media Inquiries

Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com

FAQ

What did Legacy Housing (LEGH) announce on November 7, 2025?

Legacy Housing announced an agreement to buy substantially all assets of AmeriCasa Solutions, including the FutureHomeX® platform, and appointed Norman Newton as Chief Revenue Officer.

When is the Legacy Housing acquisition of AmeriCasa Solutions expected to close for LEGH?

The parties expect to close the transaction on or before November 28, 2025.

How will the FutureHomeX® acquisition affect Legacy Housing (LEGH) retail operations?

Legacy expects FutureHomeX® to automate and standardize the homebuying process to drive sales growth across company-owned stores, affiliates and communities.

What assets did LEGH acquire from AmeriCasa Solutions in the Nov 7, 2025 agreement?

Assets include the FutureHomeX® platform, a Houston retail dealership, a chattel mortgage loan portfolio, an insurance agency and a services center in Bogotá, Colombia.

Who is Norman Newton and what is his role at Legacy Housing (LEGH)?

Norman Newton is AmeriCasa co-founder and CEO who will join Legacy as Chief Revenue Officer under a five-year employment agreement.

Does the LEGH press release disclose the purchase price for the AmeriCasa transaction?

No; the announcement states the deal is an all-cash transaction but does not disclose the purchase price.