ECN article Globe and Mail Feb 5 2024https://www.theglobeandmail.com/business/article-ecn-capital-finds-new-backer-for-manufactured-homes-business/
Not sure if you can access as it might be behind paywall.
Essence of article is this quote below:
Triad has been lending to home buyers since 1959. ECN acquired the company in 2017 for $125-million. As part of the parent company’s strategic shift, Toronto Stock Exchange-listed ECN is changing its name to Triad Financial Services Corp.
Skyline agreed to keep its investment in ECN at the current 19.8-per-cent level for the next two years. In a recent report, analyst Geoffrey Kwan at RBC Capital Markets said “bigger picture, we can’t help but wonder whether ECN is positioning itself for a potential sale to Skyline.”
Along with Triad, ECN owns a division that lends to boat and recreational vehicle buyers. Last September, the company said it plans to exit this business after a strategic review that concluded with the Skyline investment. Mr. Kwan said ECN is expected to sell or spin off the boat and RV lender in the first quarter of this year.
This is consistent with what was communicated last year when Skyline acquired their stake. Rename to Triad, spin out or sell marine business. Wheels are in motion, just very slowly