More Cash, More Moves
Despite the hefty investment, Cavco assured investors it will retain enough liquidity for “further strategic growth.” The transaction was advised by TN Capital Advisors, with legal representation from DLA Piper — specifically attorneys Kevin Criddle, Steve Autenrieth, Mikaela Colby, and Zachary Silva.
On the seller side, Jackson Walker LLP advised American Homestar.
Neither company responded to requests for further comment by press time. Still, the acquisition is widely seen as a power play that could redefine the affordable housing market across the American South.
