Resideo Technologies Acquires Snap One for $1.4B
April 15, 2024
Resideo Technologies agreed to acquire Snap One Holdings for $10.75 per share in cash, valuing the transaction at approximately $1.4 billion including net debt. Snap One will integrate into Resideo's ADI Global Distribution business to expand Resideo's smart-living product portfolio, proprietary offerings and distribution capabilities; the deal is financed in part by a $500 million perpetual convertible preferred equity investment from Clayton, Dubilier & Rice.
- Targets
- Snap One Holdings Corp.
- Sellers
- Private investment funds managed by Hellman & Friedman LLC
- Industry
- Logistics & Distribution
- Location
- Arizona, United States
- Transaction Type
- Buyout
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