NRG Energy, Inc. and Vivint Smart Home, Inc. announced they have entered into a definitive agreement under which NRG will acquire Vivint for $12 per share or $2.8 billion in an all-cash transaction with an implied multiple of 6.3x run-rate Enterprise Value to Adjusted EBITDA. The agreement has been unanimously approved by the boards of directors of both companies.
Vivint Smart Home is a smart home platform company whose mission is to help its nearly two million customers live intelligently by providing them with technology, products and services to create a smarter, more efficient and safer home. Vivint delivers an engaging customer experience through multiple devices united into a single expandable platform that incorporates artificial intelligence and machine learning into its operating system.
