Tag: integration

The Procurement Technologies and Services market is evolving rapidly, offering a range of capabilities from e-sourcing and spend analytics to AI-driven platforms for automation and real-time ESG integration. This growth is propelled by enterprise investments and SMB adoption of Procurement-as-a-Service solutions. Key players like SAP Ariba, Coupa, and emerging startups such as EcoVadis and Simfoni are innovating with AI/ML and cloud-native technologies. North America leads in digitalization initiatives, while strategic sourcing dominates by component application. Despite facing data security challenges, the market is supported by major players and strategic partnerships driving innovation and competitive intensity.

PHOENIX, July 14, 2025 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("Cavco" or the "Company") announced today that it has entered into a definitive agreement to acquire American Homestar Corporation and its subsidiaries (collectively, "American Homestar"), a Houston-based company best known in the market as Oak Creek Homes. American Homestar operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as an agent for third party insurers. With 800 employees, revenues for the twelve months ended May 31, 2025 were $194 million, net income was $16.6 million and earnings before interest, taxes, depreciation, amortization, and other income ("Adjusted EBITDA") (non-GAAP)* was $17.8 million. During that time, American Homestar produced 1,676 homes.