ADT to be acquired in $15.3B transaction

BOCA RATON, Fla. – ADT has agreed to be acquired by Thrive Holdings, a permanent capital holding company, in an all-cash deal that values the company at about $7.6 billion in equity and $15.3 billion in enterprise value.

Under the terms of the agreement, which ADT’s board of directors unanimously approved, ADT stockholders will receive $10.00 per share in cash upon completion. The per share price represents a premium of 45.6% to ADT’s unaffected closing share price on Oct. 27, 2026, and 52.1% to its 30-day volume-weighted average share price ending on Oct. 27, 2026.

“ADT is pleased to enter into this transaction, which recognizes the value built by our more than 12,000 employees and delivers an attractive cash premium to our stockholders,” said Jim DeVries, chairman, president and CEO of ADT. “Our leadership in security is based on a legacy of trust, longstanding customer relationships and the dedication of our employees. With Thrive Holdings’ long-term capital and technology expertise, ADT will gain new opportunities to accelerate innovation, enhance the customer experience and bring greater peace of mind to even more homes and businesses.”

Following the closing of the transaction, ADT will form the foundation of Thrive Holdings’ smart home security business.

Thrive Holdings intends to support ADT’s management in pursuing long-term growth through continued investment in the company’s people, products and services. Thrive Holdings’ engineering teams will work alongside ADT’s professionals to identify opportunities for technology to enhance the company’s products and services and help its teams support customers more effectively.

“ADT has spent generations showing up for people when it matters most,” said Kareem Zaki, Partner at Thrive Holdings. “We intend to build on that foundation by strengthening ADT’s technology and product capabilities, with the capital and patience to invest over decades. Our ambition is to help ADT’s teams better serve customers and offer a seamless service with more actionable information for the professionals responding.”

ADT’s data and privacy policies will remain unchanged, and no new data sharing will occur without customer permission.

“Protecting customers’ homes also means protecting their data. Thrive Holdings is committed to upholding the highest standards of privacy and cybersecurity to protect the information that customers entrust to ADT,” said Anuj Mehndiratta, partner at Thrive Holdings.

The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions, including approval by ADT’s stockholders and receipt of U.S. antitrust approval.

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