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New Deal


Announced

Completed

Cavco Industries completed the acquisition of Solitaire Homes for $93m.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Friendly

Domestic

home building

Single Bidder

Real Estate Holding and Development

Completed

Majority

United States

Synopsis

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Cavco Industries, a firm that designs and produces factory-built housing products, completed the acquisition of Solitaire Homes, an operator of manufacturing facilities in New Mexico, Oklahoma and Mexico, for $93m. “Pete Hogstad and the Elliott family have built a strong company with a well-deserved reputation for quality homes. The addition of Solitaire Homes to our existing manufacturing and retail system strengthens our position in the Southwest and expands our manufacturing capabilities into Mexico. We look forward to working with the Solitaire team to continue building on their record of success," Bill Boor, Cavco President and CEO.

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