SmartRent, Inc. acquired SightPlan, Inc. for approximately $140 million.
March 23, 2022
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SmartRent, Inc. (NYSE:SMRT) signed an agreement to acquire SightPlan, Inc. for approximately $140 million on March 21, 2022. Under the agreement, SmartRent acquired all of the outstanding equity interests of SightPlan for $135 million in cash, subject to certain adjustments. The SightPlan team will join SmartRent as employees, and SightPlan will continue to run its operations from its Orlando, Florida office. Software Equity Group served as financial advisor to SightPlan.
SmartRent, Inc. (NYSE:SMRT) completed the acquisition of SightPlan, Inc. on March 22, 2022.
SmartRent, Inc. is a provider of smart home and smart property solutions for the multifamily industry. The Company's platform, comprised of smart hardware and cloud-based software-as-a-service solutions, gives operators visibility and control over real estate assets empowering them to simplify operations, automate workflows and deliver site team and resident experiences. Through a Hub Device, the Company enables the integration of its platform with third-party smart devices, its own hardware devices and other technology interfaces. It uses an open-architecture, brand-agnostic approach that allows owners, operators, and residents to manage their smart home systems through a single connected interface. Its solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident WiFi. It provides customers with training, installation and support services.
SMARTRENT, INC. 
