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Residential

Vivint to be sold to Blackstone in $2 billion deal

September 18, 2012Martha Entwistle

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.“We're pretty happy about it,” he said.The deal, which Security Systems News did some initial reporting on last week, is expected to close before the end of the year.Blackstone will buy out Vivint's current equity partners Goldman Sachs, Jupiter Partners and Peterson Partners. Vivint management,...

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