Vivint Smart Home
Acquired by NRG Energy · 2023 · $2.8B Vivint Smart Home was a Home Security & Cameras company founded in 1999 and based in Provo, United States. It was acquired by NRG Energy in 2023 for $2.8B.
Vivint Smart Home was a Provo, Utah company co-founded in 1999 by Todd Pedersen and Keith Nellesen, originally as APX Alarm Security Solutions. It grew into one of the largest professionally installed home-security and smart-home providers in North America, with roughly two million subscribers using its panels, cameras, doorbells, sensors, and a 24/7 monitoring service sold largely through door-to-door sales. Blackstone took the company private for over USD 2B in 2012, and Vivint later went public via a 2020 SPAC merger with a Mosaic Acquisition vehicle, trading on the NYSE as VVNT. In December 2022 NRG Energy agreed to buy Vivint, and the deal closed in March 2023 at roughly USD 2.8B in cash (about USD 5.2B including assumed debt). Vivint was delisted and absorbed into NRG's consumer/home-services segment, ceasing to exist as an independent public company.
Vivint's sale to an electricity retailer marked the convergence of home security, smart-home automation, and energy services, and removed the largest independent pro-install smart-home brand from the public markets.
vivint.com ↗·Home Security & Cameras·
United States·acquired 
