Snap One Holdings Corp. (NasdaqGS:SNPO) acquired Staub Electronics Ltd. on January 20, 2022. Staub Electronics Ltd.'s President Scott Trotter, Vice President Bryan Sack, and their entire management team will continue to run the business, while founder Dave Mason will retire. Staub Electronics Ltd. will continue to support all of its current lines of business, including its automotive division. The Staub acquisition reflects Snap One's continued execution of its accretive acquisition strategy, further establishing the Snap One Holdings Corp. as a seasoned acquirer of strategic assets.

Snap One Holdings Corp. (NasdaqGS:SNPO) completed the acquisition of Staub Electronics Ltd. for $27.6 million on January 20, 2022. The total purchase price of $26.395 million was funded using $37.0 million outstanding under Snap One's New Revolving Credit Facility. Snap One will also issue 0.07 million shares in three equal tranches over the next three years.