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Skyline Champion completed the investment of CAD185m in ECN Capital.

Synopsis

Skyline Champion, a producer of factory-built housing in North America, completed the investment of CAD185m in ECN Capital, a Canadian financing company. "We are pleased to announce this new and expanded partnership with Skyline Champion, a leading participant in the North American manufactured housing sector. This transaction represents the culmination of the strategic review process that we commenced earlier this year, and we are very excited by the significant growth opportunities that the establishment of the new captive finance company will bring to Triad. The concurrent equity and preferred share investments in ECN Capital also represent a strong endorsement of ECN Capital’s business model and the value of our platform," Steven Hudson, ECN Capital CEO.

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