JUST IN: Resideo to Acquire Snap One

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Resideo’s acquisition of Snap One for approximately $1.4 billion in cash is set to strengthen their presence in security, audiovisual, and smart living technology distribution for residential and commercial markets. Upon closing, Snap One will merge into Resideo’s ADI Global Distribution business, combining ADI’s stronghold in security products distribution with Snap One’s expertise in the smart living market and Control4 technology platforms. The integration aims to offer increased value for integrators and financial returns, providing a wider selection of products and proprietary offerings through physical branches and digital capabilities. This move is part of Resideo’s strategy for portfolio optimization, operational enhancements, and cost-saving actions. The acquisition is backed by Clayton, Dubilier & Rice, indicating confidence in its strategic and financial merits. The combined entity expects to deepen relationships with integrators, accelerate exclusive brands strategy, enhance the integrator value proposition, and maintain an attractive financial profile. Both companies express optimism about capturing new opportunities in the growing smart technology market and delivering compelling value to stakeholders. You can read more about this development here.