SnapAV to be Acquired by Hellman & Friedman
SnapAV sells proprietary-branded audio/video, security, networking, and automation products to residential and commercial AV, security and technology integrators. These integrators, in turn, serve "Do-It-For-Me" consumers, selling, installing and integrating SnapAV's products as part of a custom home solution.
The company wholesales approximately 2,700 SKUs across 14 proprietary brands and serves integrators across the United States with outstanding eCommerce, customer service, and support capabilities.
"Our broad, high-quality product lineup and ability to anticipate and support our dealers' needs has been critical to our success," said John Heyman, CEO of SnapAV. "We know what dealers want and how to make their job easier, and our logistics system ensures they get what they need fast and at the right price."
"We thank General Atlantic for their contributions to SnapAV's growth and development over the past four years and welcome Hellman & Friedman as our new partner," he added.
"SnapAV's innovative eCommerce platform, compelling products and excellent service deliver tremendous value to the integrator community," said Erik Ragatz, Managing Director of Hellman & Friedman. "With its network of loyal dealers and an outstanding base of employees, SnapAV is very well positioned to continue on its growth trajectory. We look forward to partnering with John and the rest of the management team as the company moves into its next phase of growth."
Mark Dzialga, Managing Director at General Atlantic, said, "We have been pleased to support SnapAV through a period of substantial growth and appreciate our strong partnership with the management team. As SnapAV enters its next phase of development, we are confident the company is in great hands with Hellman & Friedman and we look forward to watching its future success."