M&A Deal Summary

SmartRent Acquires SightPlan

On March 22, 2022, SmartRent acquired software company SightPlan for 135M USD

Acquisition Highlights
  • This is SmartRent’s 1st transaction in the Software sector.
  • This is SmartRent’s largest (disclosed) transaction.
  • This is SmartRent’s 2nd transaction in the United States.
  • This is SmartRent’s 2nd transaction in Florida.

M&A Deal Summary
Date 2022-03-22
Target SightPlan
Sector Software
Buyer(s) SmartRent
Deal Type Add-on Acquisition
Deal Value 135M USD
Advisor(s) Software Equity Group LLC (Financial)

Target

SightPlan

Orlando, Florida, United States
SightPlan provides software solutions to help apartment communities optimize operations while improving resident satisfaction. SightPlan was founded in 2013 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

SmartRent

Scottsdale, Arizona, United States
Category Company
Founded 2017
Sector Software
DESCRIPTION

SmartRent is an enterprise smart home technology platform for property managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. SmartRent was formed in 2017 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 iQuue

Altamonte Springs, Florida, United States

iQuue is an open-architecture smart apartment company with over 22,000 installed and committed units throughout the east coast. iQuue is based in Altamonte Springs, Florida.

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