Champion Homes, Inc. expects to receive C$189.1 million in gross proceeds from the completed acquisition of ECN Capital Corp. by a Warburg Pincus-led investor group.
Key takeaways
An investor group led by Warburg Pincus completed the acquisition of ECN Capital Corp. on April 24, 2026.
Champion Homes expects gross proceeds of C$189.1 million from the conversion of its preferred shares in ECN.
The Company's subsidiary held mandatory convertible preferred shares, Series E, which converted at C$3.10 per share.
ECN Capital Corp. owns 49% of Champion Financing LLC, a captive finance company formed with Champion Homes.