mynth
06/2024

SNAP ONE acquired by RESIDEO TECHNOLOGIES

UNITED STATES Hardware & Electronics / IT Equipment / IoT & Connected Objects EV $1–10bn

Context

The acquisition of Snap One by Resideo marks a transformative tactical expansion of the group's smart-living and professional distribution capabilities. This transaction facilitates the integration of Snap One’s high-margin proprietary software and automation hardware into Resideo’s ADI Global Distribution segment. The strategic rationale for the move centers on the fusion of Snap One’s leadership in the professional audio-visual and home control markets with Resideo’s massive physical branch footprint and contractor base. This operation will help Resideo to reinforce its ability to serve professional integrators who require a unified source for both third-party equipment and sophisticated, software-led automation platforms. The partnership is designed to generate significant financial synergies by optimizing supply chain logistics and cross-selling proprietary brands like Control4 across ADI’s global network. This integration facilitates the creation of a more robust technological platform, providing the strategic depth required to navigate the maturing landscape of the Internet of Things (IoT). The move solidifies Resideo’s standing as a primary provider of mission-critical "connected world" infrastructure and professional installation services.

SNAP ONE, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.7x).

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Target

Snap One operates as a premier technology organization dedicated to the development and distribution of smart-living products, services, and software tailored for professional integrators. The entity’s business model is centered on a proprietary framework of automation solutions—most notably the Control4 platform—which manages lighting, audio, video, and security within high-end residential and commercial environments. Its value proposition is anchored in technical operational depth, providing a "one-stop-shop" for professional installers through an integrated ecosystem of hardware and cloud-based management tools. Strategically, the firm focuses on the high-margin professional channel, bypassing retail to ensure industrialized reliability and expert deployment. By maintaining a specialized focus on the software-defined home, the organization ensures a mission-critical role in the structural evolution of the "connected world." The entity prioritizes technical agility and support infrastructure to facilitate the scaling of smart-living automation globally.

Ent. Value

$1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2023
$1–10bn
$100–200M
[members only]
2022
$1–10bn
$100–200M
[members only]

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REFERENCES

Valuation range: EV $1–10bn

Revenue range: $1–10bn

EBITDA range: $100–200M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SNAP ONE by RESIDEO TECHNOLOGIES are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: snap one

Acquirer: resideo technologies