Tag: GTCR
Modern multifamily
September 17, 2025Ken Showers, Managing Editor
ADT is looking a little thinner this week, but it’s not Ozempic - it’s just business as Everon and its parent company GTCR make some savvy acquisitions on literally the same day.
If you’re out of the loop on the situation in residential security right now, new builds continue to be stuck in the same stale economic funk they have been thanks to interest rates and, well, everything else right now. A lot of companies as a result have focused on retrofitting homes with smart tech...
SimpliSafe signs definitive agreement to be acquired by GTCR
September 15, 2025Ken Showers, Managing Editor
BOSTON — Smart Home device manufacturer SimpliSafe has announced that it has signed a definitive agreement to be acquired by GTCR, a leading private equity firm, from Hellman & Friedman (H&F).
In the release the company revealed that Christian Cerda will maintain his position as Chief Executive Officer of SimpliSafe, and SimpliSafe's founders, Chad and Eleanor Laurans, will remain substantial investors and board members.
Founded in 2006, SimpliSafe is the third largest residential...
‘Feels like home’: Don Young becomes Everon CEO with vision for AI, service excellence
July 14, 2025Cory Harris, Editor
BOCA RATON, Fla.—Don Young says he felt like a “bit of a bridesmaid” throughout his security career before taking the helm at Everon. Following a nine-year tenure at ADT, where he served as executive vice president and COO, Young became CEO of Everon, a Boca Raton, Fla.-based integrator, on June 9.
Young says it “certainly helped” that Everon needed a CEO at the same time that he had made a commitment to himself to leave ADT, and that the interim CEO and Everon...
Everon focusing on customer delivery, app development, says interim CEO Tim Whall
April 17, 2025Cory Harris, Editor
LAS VEGAS—After completing its first full year as a standalone company, Everon is focusing on two customer initiatives in the coming months – a solid delivery process and the development of an app, says Tim Whall, chairman of the board and interim CEO.
At ISC West, Whall summarized Everon’s progress since being acquired by private equity firm GTCR for an estimated $1.6 billion in October 2023 and subsequent rebranding from ADT Commercial.
“Anytime you...
Everon acquires Apex Integrated Security Solutions
January 11, 2024SSN Staff
BOCA RATON, Fla. – Everon, formerly ADT Commercial, has purchased Apex Integrated Security Solutions, Inc., based out of Boise, Idaho.
This is the third acquisition for Everon since its purchase by GTCR and rebrand in October 2023. It is also the second acquisition Everon has made so far in 2024, following the Jan. 4 announcement that it had acquired Maine-based Portland Safe, Inc. With the purchase of Apex Integrated Security Solutions, Everon said that it will continue...
Everon acquires Kentucky-based Newtech Systems
December 6, 2023SSN Staff
BOCA RATON, Fla.—Everon, also known as ADT Commercial, has completed its first acquisition since establishing itself as a standalone company with the purchase of Newtech Systems, based out of Ashland, Ky.
This marks the first M&A activity for Everon since GTCR’s acquisition of the company in October, and makes steps towards delivering on the company’s objectives for growth and geographic expansion.
“This is a huge moment for Everon, and we’re so excited...
Everon reveals post-acquisition leadership team
November 15, 2023SSN Staff
BOCA RATON, Fla. – Everon, formerly ADT Commercial, has announced its executive leadership team following the recent completion of its acquisition by GTCR.
Everon began the process of divestiture and rebranding earlier this year in August. ADT sold the division to the GTCR private equity firm for approximately $1.5 billion. Now the organization has revealed the organization of its executive leadership team — led by Dan Bresingham as chief executive officer.
Bresingham is a veteran...
ADT to release third quarter 2023 results
October 23, 2023SSN Staff
BOCA RATON, Fla. – ADT has announced that it will release its third fiscal quarter 2023 financial results before the market opens on Thursday, Nov. 2, 2023.
Following the release, management has stated it will host its conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.
Pertinent topics for the call will likely include the company's recent sale of ADT Commercial to private equity firm GTCR. ADT Commercial rebranded as Everon...
ADT completes sale of commercial division, ADT Commercial rebrands to Everon
October 2, 2023SSN Staff
BOCA RATON, Fla. – ADT has completed what it began in early August of this year, with the divestiture of its commercial division and ADT Commercial rebranding to Everon as part of its acquisition by private equity firm GTCR.
The commercial security, fire and life safety provider and integrator announced today that it will move forward as a standalone organization and rebranded as Everon. The proceeds of the sale nets ADT approximately $1.5 billion, which significantly reduces...
ADT sells commercial business for $1.6 billion to private equity firm
August 8, 2023SSN Staff
BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to reduce debt by $1.5 billion, with cash interest savings expected to offset the impact of divesting the commercial...