05:30 PM EDT, 07/14/2025 (MT Newswires) -- Cavco Industries ( CVCO ) said Monday it has struck a deal to buy American Homestar and its subsidiaries for $190 million in cash to expand its presence in Texas and surrounding states.

American Homestar posted a net income of $16.6 million on revenue of $194 million for the 12 months ended May 31, Cavco said. It expects to close the deal in Q3.

The company said it expects the acquisition to be accretive to earnings and cash flow from operations.