Champion Homes Announces Definitive Agreement to Acquire Iseman Homes, Inc.

Champion Retail Housing, a subsidiary of Champion Homes, Inc. (together, “Champion” or the “Company”) announced that it has entered into a definitive agreement to acquire Iseman Homes, Inc. and certain affiliated companies (“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 integrated growth.

“We are excited to welcome the Iseman Homes 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, deliver timely, market-relevant products and elevate the homebuying 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 combined organization aims to deliver more seamless product integration and operational efficiencies.

“Our experienced retail team is excited to join Champion,” said Ken Ward, President of Iseman Homes. “We share a commitment to customer service and innovation and are excited to contribute to Champion’s mission of advancing offsite construction and improving access to high-quality, affordable housing.”

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 of certain customary closing conditions and is expected to close during Champion’s fiscal first quarter ending June 30, 2025.

About Champion Homes, Inc.

Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America and employs approximately 9,000 people. With more than 70 years of homebuilding experience and 48 manufacturing facilities throughout the United States and western Canada, Champion Homes is well positioned with an innovative portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, and hospitality sectors. In addition to its core home building business, Champion Homes provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 72 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States. Champion Homes builds homes under some of the most well-known brand names in the factory-built housing industry including Skyline Homes, Champion Homes, Genesis Homes, Regional Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada.

Contact:

Jason Blair – Investor Contact – jablair@championhomes.com – (248) 614-8211

Source: Champion Homes, Inc.