ELKHART – Phoenix-based Cavco Industries Inc. will acquire The Commodore Corporation in Elkhart.

Cavco says the deal is valued at $153 million and includes Commodore’s six manufacturing facilities and two retail locations.

Commodore, a builder of manufactured and modular housing, operates under brand names such as Commodore Homes of Pennsylvania, Commodore Homes of Indiana, and Colony Homes.

Commodore has more than 1,200 employees and operates across the Northeast, Midwest and Mid-Atlantic regions, with retail stores in Indiana and New York. In addition, Commodore’s commercial lending operations will be acquired by Cavco.

Cavco says the acquisition will create manufacturing cost and efficiency improvements across the combined company. In addition, the company says Commodore has developed advanced manufacturing technologies that will lead to “significant improvements” to the Cavco operations, and the combined network of plants will create distribution improvement opportunities.