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  6. HomeValet Acquires Envolve Engineering

M&A Deal Summary

HomeValet Acquires Envolve Engineering

On September 16, 2020, HomeValet acquired business services company Envolve Engineering

Acquisition Highlights
  • This is HomeValet’s 1st transaction in the Business Services sector.
  • This is HomeValet’s 1st transaction in the United States.
  • This is HomeValet’s 1st transaction in Indiana.

M&A Deal Summary
Date 2020-09-16
Target Envolve Engineering
Sector Business Services
Buyer(s) HomeValet
Deal Type Add-on Acquisition

Target

Envolve Engineering

Evansville, Indiana, United States
Envolve Engineering specializes in refrigeration engineering, appliance design, testing, and safety. The firm has worked over the past seven years with original equipment manufacturers and suppliers in the appliance industry including Sub-Zero and have been granted over 50 patents related to ice, water, beverage delivery systems, and their related cooling technologies. Envolve Engineering was founded in 2013 and is based in Evansville, Indiana.

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Buyer(S) 1

Buyer

HomeValet

Tysons Corner, Virginia, United States
Category Company
Sector Information Technology
DESCRIPTION

HomeValet is a provider of contactless home delivery on a mission to solve the last yard of delivery with solutions made for the modern consumer. Reimagining the current e-commerce delivery supply chain, HomeValet’s patented SaaS IoT platform connects retailers and couriers with a secure, temperature-controlled Smart Box outside of consumers’ homes. The first of its kind Smart Box, software, and app facilitates 24/7 contactless and unattended delivery spanning everyday parcels, perishable groceries, and more.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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