Skyline Champion Corporation has aquired ScotBilt Homes, a company that last year shipped more than 1,600 homes from a pair of manufacturing facilities in Georgia to markets in Alabama, Florida, Georgia, North Carolina, and South Carolina.
Prior to the acquisition, ScotBilt had been owned by SHI Group Holdings.
“We are excited to welcome ScotBilt Homes and its almost 400 employees to the Skyline Champion family,” Skyline Champion President and CEO Mark Yost said. “We believe ScotBilt is an excellent fit given our compatible company cultures and shared values. While working with founder Sam Scott and his team during this transaction, we learned that their work ethic mirrors our core operating principles. Sam Scott has been a pioneer in the manufactured housing industry for more than 50 years and we are fortunate to benefit from the high quality and unique home designs for which ScotBilt is known.”
The transaction accomplishes several objectives for Skyline Champion, Yost said. It provides a strong presence in the vital mid-south region, and helps to balance the company’s national distribution.
“Their efficient manufacturing facilities produce a streamlined product offering,” Yost said. “We expect this transaction to generate solid returns with meaningful shareholder value creation from day one, supported by ScotBilt’s attractive client base, and margin profile.”
Scott said he and his family feel they have found the right partner in carrying on the ScotBilt tradition.
“We wanted a partner who we could trust would operate the company in a manner consistent with how we’ve done business since our founding in 2004,” Scott said. “The customers who value the reputation of our brand will continue to receive the high-quality products they have grown to expect. I am confident that we have aligned with a great company that will leverage the culture and brand integrity that has set us apart from our competitors.”
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