Resideo Technologies (NYSE: REZI) has agreed to buy Snap One Holdings (Nasdaq: SNPO) in a deal that strengthens its position in security products distribution.
Resideo has agreed to acquire Snap One for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, including forecasted net debt of Snap One at the closing of approximately $460 million. This represents a 7.4x multiple on Snap One’s Adjusted EBITDA for the 12 months ended Dec. 29, 2023, as further adjusted by including Resideo’s projected annual run-rate synergies of $75 million.