M&A Deal Summary

Nortek Air Acquires 2GIG Technologies

On February 14, 2013, Nortek Air acquired safety/security company 2GIG Technologies from Vivint for 135M USD

Acquisition Highlights
  • This is Nortek Air’s 1st transaction in the Safety/Security sector.
  • This is Nortek Air’s 2nd largest (disclosed) transaction.
  • This is Nortek Air’s 4th transaction in the United States.
  • This is Nortek Air’s 1st transaction in Utah.

M&A Deal Summary
Date 2013-02-14
Target 2GIG Technologies
Sector Safety/Security
Buyer(s) Nortek Air
Sellers(s) Vivint
Deal Type Divestiture
Deal Value 135M USD

Target

2GIG Technologies

Lehi, Utah, United States
website
2GIG Technologies, Inc. is a designer and supplier of residential security and home automation systems.

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Buyer(S) 1

Buyer

Nortek Air

O’Fallon, Missouri, United States

website

Category Company
Founded 1977
Sector Manufacturing
DESCRIPTION

Nortek Air is a diversified manufacturer of world-class products spanning custom and commercial air solutions for high-performance environments, residential and commercial HVAC, and fresh air ventilation systems for homes. Nortek Air was founded in 1977 and is based in O’Fallon, Missouri.

DEAL STATS #
Overall 5 of 10
Sector (Safety/Security) 1 of 1
Type (Divestiture) 2 of 4
State (Utah) 1 of 1
Country (United States) 4 of 8
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 TvOne

Cincinnati, Ohio, United States

TvOne is a video processing, signal distribution, and media playback solutions company designs, manufactures, and sells video, audio, and multimedia processing equipment based on CORIO video conversion technology. TvOne is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Thomas & Betts HVAC Business

United States

Thomas & Betts' HVAC business designs, manufactures and sells unit heaters, radiant heaters and rooftop heating, ventilation and cooling products for industrial and commercial applications primarily in North America and Europe.

Buy $260M

Seller(S) 1

SELLER

Vivint

Provo, Utah, United States

website

Category Company
Founded 1999
Sector Safety/Security
Revenue 1.5B USD (2021)
DESCRIPTION

Vivint is a full-service security alarm company that generates sales door-to-door during the summer months and services the contracts throughout the year. Vivint was formed in 1999 and is based in Provo, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 Space Monkey

Midvale, Utah, United States

Space Monkey, Inc. uses a peer-to-peer network.

Buy -
Mergr

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