M&A Deal Summary

Resideo Acquires Norfolk Wire & Electronics

On April 1, 2021, Resideo acquired distribution company Norfolk Wire & Electronics

Acquisition Highlights
  • This is Resideo’s 1st transaction in the Distribution sector.
  • This is Resideo’s 5th transaction in the United States.
  • This is Resideo’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-04-01
Target Norfolk Wire & Electronics
Sector Distribution
Buyer(s) Resideo
Deal Type Add-on Acquisition

Target

Norfolk Wire & Electronics

Virginia Beach, Virginia, United States
Norfolk Wire & Electronics is a distributor of security, telecom, network, and audio-video (AV) related products, supplies and tools. Norfolk Wire & Electronics was founded in 1985 and is based in Virginia Beach, Virginia.

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Buyer(S) 1

Buyer

Resideo

Scottsdale, Arizona, United States
Category Company
Founded 2018
Sector Safety/Security
Employees14,000
Revenue 6.2B USD (2023)
DESCRIPTION

Resideo is a provider of critical comfort and security solutions primarily in residential environments, and a distributor of low-voltage and security products. Resideo was founded in 2018 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 5 of 10
Sector (Distribution) 1 of 4
Type (Add-on Acquisition) 4 of 8
State (Virginia) 1 of 1
Country (United States) 5 of 10
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Herman ProAV

Miramar, Florida, United States

Herman ProAV is a provider and distributor of professional audio-visual (AV) products, procurement services and labor resources to systems integrators in the commercial audio-visual industry. Herman ProAV was founded in 1963 and is based in Miramar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Shoreview Distribution

Foxboro, Massachusetts, United States

Shoreview Distribution is a distributor of professional audio, video, lighting, display, and broadcast equipment. With warehouse locations on the east and west coasts, Shoreview serves customers across the United States. Shoreview Distribution was founded in 1989 and is based in Foxboro, Massachusetts.

Buy -
Mergr

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