Utah-based Vivint being sold to Blackstone for over $2B

Utah-based Vivint being sold to Blackstone for over $2B

By Tom Harvey The Salt Lake Tribune
Published Sep 18, 2012 03:53PM MDT
The investment and advisory firm Blackstone is paying more than $2 billion to acquire a majority interest in Provo-based Vivint, the supplier and servicer of home automation, security and solar power equipment, the Utah company said Tuesday. Blackstone, the New York company led by Stephen A. Schwarzman, has signed a definitive agreement to buy out the interests of Goldman Sachs, Peterson Partners and Jupiter Partners, and perhaps other owners, Vivint CEO Todd Pedersen said. The price tag, descri...
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