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Resideo completes sale of Genesis Cable business

October 16, 2023SSN Staff

SCOTTSDALE, AZ – Resideo Technologies announced the completion of the previously announced sale of its Genesis Cable business to Southwire Company, LLC for $87.5 million in cash, subject to customary purchase price adjustments. The after-tax proceeds will be used to support Resideo's capital allocation strategy the company wrote in a release. That includes ongoing organic and inorganic investments and their recently announced share repurchase program. "The closing of the Genesis...

commercial, Genesis Cable, Jay Geldmacher, Residential, Resideo Technologies, Security, Southwire Company

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