Home automation company Savant Systems scored a $90 million investment from private equity firm KKR valuing the company at $215 million. The Deal's Bob O'Brien who spoke to Savant CEO William Lynch, explains the company's plans for expansion from its customer list of the well-to-do, to mid-market products that could go retail for as low as $1,000. Savant is in a hot industry--think Google's $3.2 billion purchase of Nest Labs--so it's no wonder private equity is eyeing the sector. KKR has at least one other company in its portfolio in the same area--look to see more investments and M&A for this type of company.
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