Resideo acquires BTX Technologies
By SSN Staff
Updated 3:51 PM CDT, Mon March 13, 2023
SCOTTSDALE, Ariz. – Resideo Technologies, Inc. has announced the completion of its acquisition of BTX Technologies, Inc., a privately held distributor.
Based in Hawthorne, N.Y., and founded in 1967, BTX is described as a leading distributor of professional audio, video, and data communications and broadcast equipment. BTX additionally offers a private brand portfolio, including the BookIT Room Scheduling Solution, which holds several patents for connectivity products and provides manufacturing services for custom broadcast fiber assemblies, panels and more. BTX serves customers across North America and will be part of Resideo’s ADI Global Distribution business, the company said.
"Expansion at ADI is a key part of Resideo's long-term strategy, and we continue to make targeted investments to increase our market reach and accelerate growth in our distribution business," said Jay Geldmacher, president and CEO of Resideo. "In line with our growth strategy, BTX broadens our offering across adjacent categories and through private brands while expanding our customer and supplier relationships. BTX marks the sixth acquisition for our distribution business since 2020."
"Dealers depend on ADI to provide them with access to the latest products from the industry's top brands," added Rob Aarnes, president of ADI. "We identified Pro AV as a growth category for ADI and our customers, and we are committed to providing the products, support, and services customers need to capitalize on new opportunities. BTX builds upon our previous acquisitions, enhances our competitive position, and furthers our goal of being the indispensable partner of choice in AV."
Terms of the transaction were not disclosed.
Resideo is a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products. You can find the company online at www.resideo.com.
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