Mergers & Acquisitions ·
Resideo Technologies completed the separation of its ADI Global Distribution business into an independent publicly…
REZI-WIResideo Technologies, Inc.
Resideo Technologies completed the separation of its ADI Global Distribution business into an independent publicly traded company, ADI Global Distribution Inc., effective August 3, 2026. The transaction was structured as a tax-free spin-off, with each Resideo shareholder receiving one share of ADI stock for every two shares held as of July 20, 2026. Pro forma financial statements indicate that ADI distributed $967 million in cash to Resideo, comprising a $900 million dividend and a $67 million adjustment, which will be used alongside existing cash to repay approximately $1.1 billion in Term Loan B facilities. The separation resulted in significant reductions to Resideo's pro forma assets, liabilities, and revenue base across all reported periods.