Tag: merger
Vivint Smart Home and Mosaic to merge
September 18, 2019SSN Staff
PROVO, Utah and NEW YORK—Vivint Smart Home and Mosaic Acquisition Corp., a publicly traded special purpose acquisition company, announced they have entered into a definitive agreement to merge Vivint with a subsidiary of Mosaic.Following the merger, Mosaic will be renamed “Vivint Smart Home, Inc.” With an agreed initial enterprise value of $5.6 billion, Vivint is anticipated to have revenues of $1.3 billion for fiscal year 2020E and Adjusted EBITDA of $530 million, implying an Adjusted...
SnapAV to acquire Control4 for $680 million
May 13, 2019SSN Staff
CHARLOTTE, N.C. and SALT LAKE CITY—SnapAV, a manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators, and Control4 Corporation, a global provider of smart home solutions, recently announced that they have entered into a definitive merger agreement whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million. The acquisition is expected...
Honeywell and UTC?
February 24, 2016Martha Entwistle
Honeywell is reportedly shopping its Building Solutions Group, according to a report today in the Wall Street Journal. The Honeywell Building Solutions business, which the WSJ says is worth between $3 billion and $4 billion, provides security systems integration and other services to commercial buildings globally.
It is a separate business unit from Honeywell Security and Fire (HSF), but they are both part of the Automation and Control Solutions unit. Alex Ismail is the president and CEO of the $14...