Clayton Dubilier & Rice-backed Resideo Technologies, a manufacturer and distributor of technology-driven products and solutions, agreed to acquire Snap One, a provider of smart-living products, services, and software to professional integrators, from Hellman & Friedman, an American private equity firm, for $1.4bn. "Snap One has grown from a startup built by entrepreneurial integrators to an industry leader in smart technology, delivering seamless experiences to consumers and high-quality services and support to our integrators. This is the right next step to capture new opportunities to bring our solutions to market. The future of smart living is here. Demand for connected technology products continues to grow, and Resideo is the right owner to drive our expansion. We believe this transaction will deliver compelling value to our stakeholders and will create opportunities for our people and integrator partners," John Heyman, Snap One CEO.