Water Solutions Firm Phyn Acquired by TV Personality Jonathan Scott
Phyn, an intelligent water solutions firm that was owned by Los Angeles-based Belkin, was acquired by a group of investors led by entrepreneur and reality television personality Jonathan Scott for $24.9 million.
The investment will make Phyn an independent company as it expands with insurance, property management, building, utilities and home services.
'As someone who's renovated more than a thousand homes, I've seen the damage a hidden leak can cause,' said Jonathan Scott, famed for HGTV's Property Brothers franchise and its spinoffs, in a statement. 'I've used Phyn in my own homes for years.'
Other investors include Intuit co-founder Tom Proulx, Silicon Valley investor David Marquardt, and Allen Sands, founder of Icon Builders, a national leader in occupied affordable and multi-family housing.
Information for this article was sourced from Phyn.
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