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TROY, Mich. - Champion Homes, Inc. (NYSE: SKY), a leader in factory-built housing with a market capitalization of $4.83 billion and strong financial health according to InvestingPro analysis, announced its subsidiary Champion Retail Housing has signed a definitive agreement to acquire Iseman Homes, Inc., a move that will enhance distribution capabilities from its manufacturing facilities. The acquisition, expected to close by the end of the fiscal first quarter ending June 30, 2025, includes 10 retail sales centers across the Dakotas, Minnesota, Montana, Nebraska, and Wyoming.
Tim Larson, President and CEO of Champion Homes, emphasized the strategic nature of the acquisition, which is intended to expand the company’s retail footprint and improve the customer experience. Iseman Homes has been a long-term retail customer of Champion and has generated approximately $40 million in annual revenue. This acquisition adds to Champion’s impressive revenue growth, which reached $2.43 billion in the last twelve months, representing a 22.5% increase. The existing management team of Iseman Homes will continue to lead the operations, aiming to drive growth and operational efficiencies through the integration.
Ken Ward, President of Iseman Homes, expressed enthusiasm for joining forces with Champion, citing shared values in customer service and innovation. The acquisition is aligned with Champion’s strategy to grow its vertically integrated model, connecting factory and customer through a more streamlined retail channel.
Champion Homes, with a workforce of about 9,000, operates 48 manufacturing facilities across North America and has a rich history spanning over 70 years. The company produces a wide range of manufactured and modular homes, park models, and modular buildings for various sectors. InvestingPro data reveals the company maintains a healthy financial position with a strong current ratio of 2.59 and minimal debt relative to equity, positioning it well for continued expansion. In addition to manufacturing, Champion Homes offers construction services for setting up factory-built homes and operates a factory-direct retail business with 72 locations in the United States, as well as Star Fleet Trucking, providing transportation services across the country.
The forward-looking statements in the press release, including those regarding Champion Homes’ strategic initiatives and market demand, are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
This news is based on a press release statement from Champion Homes, Inc. and is intended to provide investors with factual information regarding the company’s latest strategic move. For comprehensive analysis and additional insights, including 8 key ProTips and detailed financial metrics, investors can access the full Pro Research Report available on InvestingPro.
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