Greg Palm

Dan Moore

James McCanless

Jay McCanless

Jesse Lederman

Daniel Moore

Danny Eggerichs

Ian Lapey

Justin Ages

- Cavco Industries, Inc. completed the **acquisition** of American Homestar Corporation, also known as Oak Creek Homes, effective **September 29, 2025**.  **[278166_a744e77d3eba4d65a49e8fe4d356727a_0]** 
- The acquisition involved a purchase price of **$190 million**, which was funded using **cash on hand**.  **[278166_a744e77d3eba4d65a49e8fe4d356727a_0]** 
- American Homestar's operations include **two manufacturing facilities**, **nineteen retail locations**, manufactured home loans, and acting as an agent for third-party insurers.  **[278166_a744e77d3eba4d65a49e8fe4d356727a_0]**

Cavco Industries Completes Acquisition of American Homestar

- Cavco Industries, Inc. **completed the acquisition** of American Homestar Corporation and its subsidiaries, effective **September 29, 2025**.  **[278166_0001628280-25-043146_cvco-20250930xex991homesta.htm:0]** **[278166_0001628280-25-043146_cvco-20250929.htm:1]** 
- The purchase price for American Homestar totaled **$190 million**, which was funded with **cash on hand**.  **[278166_0001628280-25-043146_cvco-20250930xex991homesta.htm:0]** 
- American Homestar, known as Oak Creek Homes, is a **vertically integrated factory-built housing company** operating two manufacturing facilities and nineteen retail locations, and also provides manufactured home loans and acts as an agent for third-party insurers.  **[278166_0001628280-25-043146_cvco-20250930xex991homesta.htm:0]** 
- At the effective time of the merger, each share of American Homestar's Class A common stock was converted into the right to receive **$20.62 per share in cash**.  **[278166_0001628280-25-043146_cvco-20250929.htm:1]**

CAVCO INDUSTRIES (CVCO)