Tag: John Heyman
Resideo acquiring Snap One for $1.4 billion
April 15, 2024SSN Staff
SCOTTSDALE, Ariz., and CHARLOTTE, N.C. – Resideo Technologies has agreed to acquire Snap One Holdings for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt.
Upon closing, Snap One will integrate into Resideo's ADI Global Distribution business. “The acquisition of Snap One is an exciting step in Resideo’s continued transformation through portfolio optimization, operational enhancements and structural cost savings actions,”...
Snap One launches Control4 Connect & Control4 Assist
January 18, 2024SSN Staff
CHARLOTTE, N.C. – Snap One has announced the launch of Control4 Connect & Control4 Assist – new software and support offerings that improve end-user experiences.
Snap One said that it spent more than a year developing the Control4 Connect & Control4 Assist offerings in close collaboration with 23 integrators, while also leveraging experience from thousands of Parasol customers and more than 100,000 4Sight subscribers.
“The homes and businesses of today rely on a wide...
Snap One acquires Staub Electronics
January 24, 2022SSN Staff
CHARLOTTE—Snap One, a provider of smart living products, services and software to professional integrators, announced it has acquired long-time Canadian distribution partner Staub Electronics in a move to enhance the Partner experience throughout Canada and expand the company’s North American local branch footprint.
The Staub acquisition reflects Snap One’s continued execution of its accretive acquisition strategy, further establishing the company as a seasoned acquirer...
Snap One announces pricing of initial public offering
July 30, 2021SSN Staff
CHARLOTTE, N.C.—Snap One, a provider of smart living products, services and software to professional integrators, announced the pricing of its initial public offering of 13,850,000 shares of its common stock at $18 per share.
Shares of Snap One’s common stock began trading on the Nasdaq Global Select Market on July 28, 2021, under the symbol “SNPO,” and the offering is expected to close on July 30, 2021, subject to customary closing conditions.
Snap One and selling shareholders...
SnapAV rebrands as Snap One
June 30, 2021SSN Staff
CHARLOTTE, N.C.—SnapAV, a leading source of professional A/V, surveillance, control, networking, and remote management solutions, announced that it has become Snap One.
CEO John Heyman noted that the new name reflects the company’s goal to be the best provider of solutions, services, and platforms for custom installation integrators whose businesses have grown well beyond AV products.
“The...
SnapAV expands security focus, adds industry veterans
September 5, 2018Spencer Ives
CHARLOTTE, N.C.—SnapAV, a manufacturer and self-distributor of technologies for residential and commercial integrators, increases security business with four new hires.There is a common area of dealers that do both AV work and security, Clint Choate, SnapAV's recently hired market director for the company's Security Channel, told Security Systems News. SnapAV has been working over the past year to make a more concerted effort around the security space, he said.“While the technology can...