Cavco Industries, Inc. acquired Certain assets and liabilities of Kentucky Dream Homes, LLC for $23.8 million.
February 01, 2024
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Cavco Industries, Inc. (NasdaqGS:CVCO) acquired Certain assets and liabilities of Kentucky Dream Homes, LLC for $23.8 million on November 15, 2023. The total consideration of $23.8 million, which includes $5.4 million non-cash commercial loan forgiveness. The remaining $18.4 million was paid with cash on hand. The final purchase price is subject to customary adjustments.
Cavco Industries, Inc. (NasdaqGS:CVCO) completed the acquisition of Certain assets and liabilities of Kentucky Dream Homes, LLC on November 15, 2023.
Cavco Industries, Inc. designs and produces factory-built homes. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary.
CAVCO INDUSTRIES, INC. 
