M&A Deal Summary

Resideo Acquires Snap One

On April 15, 2024, Resideo acquired electronics company Snap One for 1.4B USD

Acquisition Highlights
  • This is Resideo’s 1st transaction in the Electronics sector.
  • This is Resideo’s largest (disclosed) transaction.
  • This is Resideo’s 10th transaction in the United States.
  • This is Resideo’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-04-15
Target Snap One
Sector Electronics
Buyer(s) Resideo
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Moelis & Co.
J.P. Morgan Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Snap One

Charlotte, North Carolina, United States
Snap One is a manufacturer and exclusive source of A/V, security, control, networking, and remote management products for professional integrators. Snap One's pro-install channel helps integrators build their businesses by providing a wide range of high-quality products, easily accessible through an intuitive website and backed by award-winning service and support. Snap One was founded in 2005 and is based in Charlotte, North Carolina.

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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 10 of 10
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (North Carolina) 1 of 1
Country (United States) 10 of 10
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Resideo - Genesis Wire & Cable Business

Pleasant Prairie, Wisconsin, United States

Resideo's Genesis Wire & Cable Business is a low-voltage cable manufacturer, providing critical connection for a wide range of residential and commercial applications, including comfort, security, network and communications, entertainment, and fire and safety. The company serves a broad set of distributors, dealers and professional contractor customers.

Sell -
Mergr

Product

Company

Legal