M&A Deal Summary

Cavco Acquires Lexington Homes

On March 28, 2017, Cavco acquired construction company Lexington Homes

Acquisition Highlights
  • This is Cavco’s 1st transaction in the Construction sector.
  • This is Cavco’s 2nd transaction in the United States.
  • This is Cavco’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2017-03-28
Target Lexington Homes
Sector Construction
Buyer(s) Cavco
Deal Type Add-on Acquisition

Target

Lexington Homes

Green Bay, Wisconsin, United States
Lexington Homes, Inc. is a provider of affordable manufactured housing from its manufacturing plant in Lexington, Mississippi to its retail distributors in the Southeastern United States. Lexington Homes, Inc. was established in 1990 and is headquartered in Green Bay, Wisconsin.

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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 2 of 5
Sector (Construction) 1 of 4
Type (Add-on Acquisition) 2 of 5
State (Wisconsin) 1 of 1
Country (United States) 2 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Fairmont Homes

Nappanee, Indiana, United States

Fairmont Homes, Inc. is a provider of building products for modular homes, park model RVs, and homes built.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Destiny Industries

Moultrie, Georgia, United States

Destiny Industries LLC operates one manufacturing facility located in Moultrie, Georgia and employs over 250 people. Destiny Homes produces and distributes manufactured and modular homes through a network of independent retailers in the Southeastern United States.

Buy -
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