CompletedReal Estate21 September 2026

Stewards, Inc. to acquire Envy Development DE, LLC and Envy Recreational, LLC

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
Stewards, Inc.
Target
Envy Development DE, LLC and Envy Recreational, LLC
Deal value
USD 90,000,000
Announced
21 September 2026
Status
Completed
Sector
Real Estate
Country
United States
Consideration
cash, shares, loan-note
What we know

Stewards, Inc. has agreed to acquire Envy Development DE, LLC and Envy Recreational, LLC in a strategic transaction valued at 90 million US dollars. The deal, announced on 21 September 2026, involves a combination of cash, shares, and a loan note as consideration. Both the buyer and the target entities are based in the United States and operate within the real estate sector. The transaction was completed swiftly, with the deal closing on 23 September 2026, just two days after the initial announcement. This acquisition represents a significant move for Stewards, Inc., expanding its portfolio through the purchase of these specific development and recreational entities. The structure of the payment, utilizing multiple financial instruments, suggests a tailored approach to the transaction. The rapid completion timeline indicates a straightforward process without significant delays. The deal is now fully executed, with all terms satisfied and ownership transferred. No further regulatory approvals or conditions precedent remain outstanding. The transaction stands as a completed event in the market, with the entities now integrated under the Stewards, Inc. umbrella. This summary reflects the confirmed facts of the agreement, highlighting the key financial and structural elements without additional speculation.

More M&A Tools

Explore the Toolkit

Tools, frameworks and AI assistants designed for entrepreneurs serious about M&A.

Access now

Deal timeline

1 update
  1. CompletedClosed

    Stewards, Inc. completes acquisition of Envy Development DE, LLC and Envy Recreational, LLC

    Item 1.01 Entry into a Material Definitive Agreement On September 21, 2026, Stewards, Inc. (the “Company”) and its wholly owned subsidiary, SRC Envy Holdco LLC (the “Purchaser”), entered into a Membership Interests Purchase and Sale Agreement (the “Purchase Agreement”) with Envy Development PB, LLC, HSU Gamma Investments LP, Michael Hsiao, the Estate of Christopher Longsworth, The Myelin Group, LL

    Source

Explore

Browse adjacent archives

Jump from this deal into the sector, buyer, deal type, and year views that carry the strongest contextual signal.

Similar deals

Similar deals

Other Real Estate M&A activity tracked by Exit Mode.

Buyer history

Stewards, Inc.

See every published Exit Mode archive entry where this buyer appears.

View buyer profile

Methodology

How this page is built

Layer 1 facts come from source documents, Layer 2 turns those facts into a readable narrative, and Layer 3 only appears where the editorial team flags a founder-relevant deal.

Back to the archive