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
Sources
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.
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1 update- 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
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Buyer history
Stewards, Inc.
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