An investor consortium completed the acquisition of Phyn from Belkin.

An investor consortium including Jonathan Scott, Tom Proulx, David Marquardt and Allen Sands, completed the acquisition of Phyn, an intelligent water brand, from Belkin, a consumer electronics company. Financial terms were not disclosed. "As someone who's renovated more than a thousand homes, I've seen the damage a hidden leak can cause. I've used Phyn in my own homes for years, and it's hands-down the best smart water tech on the market. It's reliable, easy to use, and does more than any other system to accurately detect and stop damage before it starts. Everyone I know has been affected in some way by an unfortunate water event, whether it's a flood from a disconnected water line, a pinhole leak inside the walls, or simply the kids leaving the tap on! With Phyn, home floods can be a thing of the past with a simple and affordable solution. One day, we will look back and count technologies like Phyn among everyday no-brainer safety devices like smoke detectors and seatbelts. This is the kind of technology I believe every homeowner deserves, and I'm excited to actively support Phyn in becoming a household name and protecting homes everywhere," Jonathan Scott.