Champion Homes Announces Definitive Agreement to Acquire Iseman Homes, Inc
Champion Retail Housing, a subsidiary of Champion Homes,inc (NYSE-SKY), together “Champion” or the “Company” announced that it has entered into a definitive agreement to acquire “Iseman Homes,” including its 10 retail sales centers, in the Dakotas, Minnesota, Montana, Nebraska and Wyoming. This acquisition enhances Champion’s ability to strengthen distribution from its nearby manufacturing facilities, furthering the Company’s commitment to integrate growth.
“We are excited to welcome the Iseman team to the Champion family,” said Tim Larson, President and Chief Executive Officer of Champion Homes. “Iseman has been a valued retail customer of Champion for many years. This acquisition underscores our long-term strategy to expand our retail footprint, market relevant producers and elevate the home buying experience for our customers.”
Iseman Homes has operated successfully for years as an independent retailer, generating approximately $40 million in annual revenue. Its experienced management team will stay on working closely with Champion to drive business growth. By aligning Iseman’s strong local presence with Champion’s captive retail best practices, the company combined organization aims to deliver more seamless product integration and operational efficiencies.
The acquisition aligns with Champion’s strategy to grow its vertically integrated model – connecting factory and customer through a stronger, streamlined retail channel. The completion of the acquisition is subject to the satisfaction or waiver or certain customary closing conditions and is expected to close during Champion’s fiscal first quarter ending June 30,2025.
