M&A Deal Summary

Southwire Co Acquires Resideo - Genesis Wire & Cable Business

On September 19, 2023, Southwire Co acquired electrical equipment company Resideo - Genesis Wire & Cable Business from Resideo

Acquisition Highlights
  • This is Southwire Co’s 9th transaction in the Electrical Equipment sector.
  • This is Southwire Co’s 14th transaction in the United States.
  • This is Southwire Co’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2023-09-19
Target Resideo - Genesis Wire & Cable Business
Sector Electrical Equipment
Buyer(s) Southwire Co
Sellers(s) Resideo
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Southwire Co

Carrollton, Georgia, United States
Category Company
Founded 1937
Sector Electrical Equipment
DESCRIPTION

Southwire Company, LLC is a manufacturer of wire and cable used in the distribution and transmission of electricity.

DEAL STATS #
Overall 14 of 14
Sector (Electrical Equipment) 9 of 9
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 14 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Novinium

Kent, Washington, United States

Novinium is a provider of technology solutions to address circuit owners' infrastructure problems at a fraction of the cost of existing methods, save energy, save natural resources, and reduce greenhouse gases by eliminating the need for additional production of copper and polymers for new cables. Novinium was formed in 2003 and is based in Kent, Washington.

Buy -

Seller(S) 1

SELLER

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 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Electronic Custom Distributors

Houston, Texas, United States

Electronic Custom Distributors is a regional distributor of residential audio, video, automation, security, wire, and telecommunication products. Electronic Custom Distributors was founded in 1960 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 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.

Buy $1.4B
Mergr

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