M&A Deal Summary

Cavco Acquires American Homestar

On July 14, 2025, Cavco acquired construction company American Homestar for 190M USD

Acquisition Highlights
  • This is Cavco’s 5th transaction in the Construction sector.
  • This is Cavco’s largest (disclosed) transaction.
  • This is Cavco’s 6th transaction in the United States.
  • This is Cavco’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-07-14
Target American Homestar
Sector Construction
Buyer(s) Cavco
Deal Type Add-on Acquisition
Deal Value 190M USD
Advisor(s) Jackson Walker (Legal)

Target

American Homestar

League City, Texas, United States
American Homestar is a vertically integrated factory-built housing company, with operations in manufacturing, retailing, finance, and insurance. American Homestar was formed in 1971 and is based in League City, Texas.

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Buyer(S) 1

Buyer

Cavco

Phoenix, Arizona, United States

Category Company
Founded 1965
Sector Construction
Employees6,500
Revenue 1.8B USD (2024)
DESCRIPTION
Cavco's corporate headquarters in downtown Phoenix, Arizona.
Cavco's corporate headquarters in downtown Phoenix, Arizona.

Cavco is a US builder of manufactured and modular homes, park model homes and vacation cabins. Cavco was incorporated in 1965 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 6 of 6
Sector: Construction M&A 5 of 5
Type: Add-on Acquisition M&A Deals 6 of 6
State: Texas M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Solitaire Homes

Duncan, Oklahoma, United States

Solitaire Homes operates manufacturing facilities in New Mexico, Oklahoma, and Mexico, with retail locations across New Mexico, Oklahoma, and Texas. The New Mexico and Mexico facilities produced nearly 1,600 homes in the calendar year 2021. The Duncan, Oklahoma facility was recently reopened in 2022. For its two Mexico facilities, a dedicated warehouse in Presidio, Texas acquires and stores raw materials, which are then assembled directly across the border in Ojinaga, Mexico. Retail stores are located in New Mexico, Oklahoma, and Texas and exclusively sell homes built by Solitaire Homes manufacturing facilities. Solitaire Homes was formed in 1965 and is based in Duncan, Oklahoma.

Buy $93M