CE Pro January 2022 - 27

Networking+Home Control
SECURITY CORNER
ADT to Acquire Sunpro for $825M,
Rebrand as ADT Solar
ADT ANNOUNCED AN AGREEMENT to acquire Sunpro Solar
(Sunpro), a leading residential rooftop solar contractor, for
$160 million in cash plus approximately 77.8 million shares of
ADT common stock, or approximately $825 million total value,
subject to certain adjustments.
ADT will rebrand Sunpro to ADT Solar and enter the
rooftop solar business to off er ADT customers a protected,
connected, and now powered home.
ADT president and CEO Jim DeVries called the acquisition
a " logical extension " for the No. 1 company on the CE Pro 100,
noting, " By combining a cash-fl ow-positive company in the
high-growth solar space with ADT's trusted brand, national
footprint, and cross-sell potential, we can expand off erings to
our customers and accelerate growth for both ADT and ADT
Solar. "
Founded in 2008, Sunpro markets, designs, sells, installs and
maintains solar power systems on residential and commercial
properties through their 3,600-person, full-time workforce of
solar energy professionals with 56 locations in 22 states. The
company has been growing quickly, with a 90% year-overyear
increase in installs in 2020 and has a cash-fl ow-positive,
asset-light business model with more than four consecutive
Sunpro has a 3,600-person staff handling solar projects from
56 locations in 22 states.
years of positive EBITDA. The transaction price represents 10x
estimated standalone next 12 months' EBITDA, according to
the announcement.
" We're excited to off er consumers even more peace of
mind by giving them the opportunity to power their homes
with sustainable and aff ordable solar energy. Residential solar
represents a $15 billion annual market, but still only in 3% of
all U.S. homes, " DeVries adds. " With more than 6 million ADT
customers and our best-in-class sales force and marketing
channels, we will be well-positioned to further scale ADT Solar
while lowering customer acquisition costs and accelerating
overall solar adoption. We believe we have the potential to
grow ADT Solar into a multibillion-dollar business over time. "
Snap One Showcases Smart Security at ISC East
AS PART OF ITS ISC East
2021 exhibit in New York
City last month, Snap One
highlighted several new
security solutions including
updated additions to the
Clare Controls ecosystem
and the newly refreshed
OvrC remote monitoring
platform.
Snap One demoed the
OvrC Ecosystem, the
complete ClareOne platform,
the ClareVision line of
NDAA-compliant surveillance
cameras, NVRs, and
others at the show.
According to the company,
the latest OvrC update
brings improved notifi cation
The Clare
Controls ClareOne
platform, including
touchpanel
and UI, plus
ClareVision
cameras and
updated OvrC
were highlighted.
accuracy, more actionable
information, and better, faster
UI navigation. To enhance
visibility into device issues
and expedite action, the
OvrC UI now groups events
by device, allowing users to
immediately gauge customer
impact and issue duration.
Another recent addition
is the ClareOne Wireless
Security and Smart Home
Panel, which Snap One
describes as a professionally
installed controller that
unifi es full-featured home
automation and security
monitoring in a single touch
screen panel.
The platform off ers a simple
integrated solution that
allows partners to leverage
Clare's FusionPro platform to
manage user data and test
customer systems with the
click of a button, according
to the company.
Highlighting the maximum
installation fl exibility feature,
Snap One says its ClareVision
line of surveillance cameras
and NVRs can be used
as a standalone system or
integrated with a ClareOne
or Control4 system. According
to the company, the
line's two app-controlled,
ETL-listed series of cameras
are both NDAA and ONVIF
compliant.
cepro.com January 2022 CE Pro | 27
http://www.cepro.com

CE Pro January 2022

Table of Contents for the Digital Edition of CE Pro January 2022

CE Pro January 2022 - Intro
CE Pro January 2022 - Cover1
CE Pro January 2022 - Cover2
CE Pro January 2022 - 1
CE Pro January 2022 - 2
CE Pro January 2022 - 3
CE Pro January 2022 - 4
CE Pro January 2022 - 5
CE Pro January 2022 - 6
CE Pro January 2022 - 7
CE Pro January 2022 - 8
CE Pro January 2022 - 9
CE Pro January 2022 - 10
CE Pro January 2022 - 11
CE Pro January 2022 - 12
CE Pro January 2022 - 13
CE Pro January 2022 - 14
CE Pro January 2022 - 15
CE Pro January 2022 - 16
CE Pro January 2022 - 17
CE Pro January 2022 - 18
CE Pro January 2022 - 19
CE Pro January 2022 - 20
CE Pro January 2022 - 21
CE Pro January 2022 - 22
CE Pro January 2022 - 23
CE Pro January 2022 - 24
CE Pro January 2022 - 25
CE Pro January 2022 - 26
CE Pro January 2022 - 27
CE Pro January 2022 - 28
CE Pro January 2022 - 29
CE Pro January 2022 - 30
CE Pro January 2022 - 31
CE Pro January 2022 - 32
CE Pro January 2022 - 33
CE Pro January 2022 - 34
CE Pro January 2022 - 35
CE Pro January 2022 - 36
CE Pro January 2022 - 37
CE Pro January 2022 - 38
CE Pro January 2022 - 39
CE Pro January 2022 - 40
CE Pro January 2022 - 41
CE Pro January 2022 - 42
CE Pro January 2022 - 43
CE Pro January 2022 - 44
CE Pro January 2022 - 45
CE Pro January 2022 - 46
CE Pro January 2022 - 47
CE Pro January 2022 - 48
CE Pro January 2022 - 49
CE Pro January 2022 - 50
CE Pro January 2022 - 51
CE Pro January 2022 - 52
CE Pro January 2022 - 53
CE Pro January 2022 - 54
CE Pro January 2022 - 55
CE Pro January 2022 - 56
CE Pro January 2022 - 57
CE Pro January 2022 - 58
CE Pro January 2022 - 59
CE Pro January 2022 - 60
CE Pro January 2022 - 61
CE Pro January 2022 - 62
CE Pro January 2022 - 63
CE Pro January 2022 - 64
CE Pro January 2022 - Cover3
CE Pro January 2022 - Cover4
https://www.nxtbook.com/emerald/cepro/november_2022
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