Resideo CEO Jay Geldmacher emphasized the significance of the acquisition: “This move propels Resideo’s journey of transformation through portfolio diversification and operational improvements. The synergy between ADI and Snap One creates a robust strategic outlook for the future.”
Smart Living Revolution
The merger promises to deepen relationships with integrators and clients, offering a broader selection of third-party and proprietary products through an extensive branch network. Snap One CEO John Heyman expressed confidence in the venture, noting the immense potential to bring their smart living solutions to market.
“We believe this transaction will drive growth and provide immense value to our stakeholders, partners, and employees,” said Heyman. “Together, we can navigate the expanding landscape of smart technology.”
Resideo Technologies to Acquire Snap One: Legal Counsel and Closing
Private investment funds managed by Hellman & Friedman LLC, which own approximately 72% of Snap One’s shares, have signed written consent to approve the deal, clearing the path for its completion.
