The company distributes its products through a network of over 200 exclusive dealers, serving homeowners across North America. Fleetwood is expected to contribute approximately $150 million in incremental revenue to Masonite in 2024. The purchase price, net of expected tax benefits, was funded through a combination of cash on hand and borrowings under Masonite's ABL credit facility, reflecting approximately 7 times Fleetwood's anticipated 2024 EBITDA. Masonite plans to operate Fleetwood as an independent business unit within its North American Residential business segment. Further details about the acquisition will be discussed during Masonite's third-quarter corporate earnings conference call on November 8, 2023, at 9:00 am Eastern Time. With this acquisition, Masonite strengthens its position in the luxury residential door market, demonstrating its commitment to providing quality door solutions for homeowners.