Last week, Wirepath Home Systems, better known as SnapAV, announced that its parent company, private equity firm Hellman & Friedman, has submitted a draft registration statement with the Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
In a statement, the company, which manufacturers A/V, security, control, networking and remote management products for integrators, said that the number of shares to be offered and the price range for the proposed offering have yet to be determined.
Founded in 2005 in Charlotte, SnapAV has grown significantly over the past several years. In 2019, the company merged with Control4, significantly bolstering their smart home security portfolio. In April, the company announced that it was purchasing HCA Distributing in Denver and Salt Lake City to expand its local distribution network and just earlier this month, the company acquired Access Networks to help broaden its networking portfolio with new products and managed services.
The IPO is expected to commence after the SEC completes its review process, subject to market and other conditions.
Staff Reports
Editorial and news reports authored by the media team from Cygnus Security Media, including SecurityInfoWatch.com, Security Technology Executive magazine and Security Dealer & Integrator (SD&I) magazine.
