Add-on Acquisition • Electronics

Resideo Acquires Snap One

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date April 15, 2024
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 Company

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 Overview 1

Buyer

Resideo

Scottsdale, Arizona, United States

Category Company
Founded 2018
Sector Safety/Security
Employees14,600
Revenue 6.8B USD (2024)
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 Context for Buyer #
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 Resideo Technologies - Grid Services

Scottsdale, Arizona, United States

Resideo Technologies' Grid Services provided demand-response aggregation and distributed-energy resource management services for utilities and energy retailers and is based in Scottsdale, Arizona.

Sell -