SnapAV, the manufacturer and distributor of audio/video, surveillance, networking, and remote management products for professionals, has announced its intention to become a publicly owned company. Wirepath Home Systems LLC, dba SnapAV, has submitted a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering of the company’s common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
Recent SnapAV Acquisition News
In late 2020, SnapAV reorganized its product development into five “centers of excellence” located in Draper, UT, Charlotte, NC, Portland, OR, Westlake Village, CA, and Serbia and announced the promotion and appointments of several key personnel to further strengthen product development.
In the fall of 2019, SnapAV, and Control4 Corporation completed their merger. Unified into a single organization, Control4 became a professional smart home platform in the SnapAV portfolio.
The combination of the two companies brought together a product a combination of in-house brands and third-party products, backed by experienced product engineering teams, award-winning customer service, education and training programs, and in-field technical support. Together, company leadership believes, they have the resources and logistics infrastructure to be a “one-stop shop” that drives value-added services for technology professionals across the industries that they serve.
This followed a series of acquisitions over the years that have helped SnapAV come closer to a full solutions provider to the custom integration professional.