Meanwhile, Cavco is one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. The company’s finance subsidiary, CountryPlace Mortgage, provides conforming, non-conforming mortgages, and home-only loans to purchasers of factory-built homes.
Commenting on the deal, Cavco president and CEO Bill Boor said: “Pete Hogstad and the team at Solitaire have built a strong company with a well-deserved reputation for quality-constructed homes. We’re grateful for the confidence they have shown in us with their decision to join the Cavco family. This is an outstanding fit that will create exciting opportunities for the combined companies and people involved.”
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