ADT Agrees to $15.3B Sale to Thrive Holdings
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ADT Inc. has agreed to be acquired by Thrive Holdings in an all-cash deal that values the home security provider at about $7.6 billion in equity and $15.3 billion including debt. The companies announced the agreement on October 29, 2026. ADT's board approved it unanimously.
Stockholders will get $10.00 per share. That is a 45.6% premium to ADT's unaffected closing price of $6.87 on October 27, 2026. It is also 52.1% above the 30-day volume-weighted average price to that date.
Once the deal closes, ADT will be privately held and its shares will stop trading on the New York Stock Exchange.
Financing, timing and a 30-day window
Funds managed by affiliates of Apollo Global Management are the sole providers of financing commitments. The deal carries no financing condition. Closing is expected in the first quarter of 2027, after ADT stockholders approve it and U.S. antitrust clearance arrives.
The merger agreement also lets ADT, with its financial advisors, solicit proposals from third parties for 30 days, until 11:59 p.m. New York City time on November 28, 2026. Certain parties that submit proposals in that period may get a 10-day extension. ADT can end the agreement to take a superior proposal, subject to its terms. It does not plan to disclose developments in the process unless it decides to or must.
ADT serves residential and small business customers in the U.S. Thrive Holdings describes itself as a permanent capital holding company. It has more than 75 businesses across accounting, IT services and the built environment. After closing, ADT will form the base of its smart home security business.
"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, ADT's chairman, president and chief executive. Kareem Zaki, a partner at Thrive Holdings, said the firm intends to build on ADT's foundation with the capital and patience to invest over decades.
Thrive Holdings plans to support ADT's management and to have its engineering teams work alongside ADT staff on technology for products and services. Customer data policies will stay unchanged, and no new data sharing will happen without customer permission. Until closing, ADT keeps operating independently.
ADT will still publish its third-quarter results on November 3, 2026, before the market opens. It will hold a 10 a.m. ET call but will take no questions because of the deal.
Citi and Goldman Sachs are financial advisors to ADT, with Cravath, Swaine & Moore as legal counsel. Evercore is Thrive Holdings' exclusive financial advisor, with Kirkland & Ellis as counsel.