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You are here: Home / 2019 / July / Archives for 18th

Archives for July 18, 2019

SnapAV Continues to Grow Their Physical Footprint, Buys Custom Plus

July 18, 2019 by Ted 1 Comment

SnapAV logo

SnapAV announced this afternoon that they have acquired Custom Plus Distributing, a regional distributor that started in the Pacific Northwest and expanded into California. This is the fourth acquisition by the company who seeks to grow their physical distribution footprint to better serve their customers in local markets.

See more on this new acquisition by SnapAV…

[Read more…] about SnapAV Continues to Grow Their Physical Footprint, Buys Custom Plus

Filed Under: Brands, Distributors, Integrators, News, Strategy Tagged With: acquisition, AVAD, Custom Plus Distributing, SnapAV, WAVE Electronics

SnapAV Slammed with Credit Downgrade by Moody’s

July 18, 2019 by Ted Leave a Comment

SnapAV logo

Credit rating agency Moody’s Investors Service has downgraded the credit rating of Wirepath LLC (corporate name of SnapAV) from B2 to B3 in the wake of their announced acquisition of Control4. The primary reason for the downgrade is due to the fact that SnapAV will be forced to increase their debt by an additional $390 million to a new high of $683 million in order to close on this acquisition.

See more on SnapAV’s credit downgrade…

[Read more…] about SnapAV Slammed with Credit Downgrade by Moody’s

Filed Under: Brands, Distributors, Financial, Integrators, Manufacturers, News, Retailers, Strategy Tagged With: acquisition, Control4, credit, credit rating, debt, SnapAV

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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