Southwire Company, LLC entered into an definitive agreement to acquire Genesis Cable business of Resideo Technologies, Inc. (NYSE:REZI) on September 19, 2023. The transaction is valued at approximately $87.5 million. Genesis team joins Southwire.
The transaction is subject to customary closing conditions and is anticipated to close in the next 30 days. JPMorgan acted as financial advisor for Resideo. Tej Prakash and Russell Leaf of Willkie Farr & Gallagher LLP acted as legal advisors to Resideo Technologies, Inc. in the deal.