Thrive Holdings to Acquire ADT in $7.6 Billion All-Cash Deal
Thrive Holdings, an investment firm led by Joshua Kushner, has reached an agreement to acquire home security provider ADT in an all-cash transaction valued at $7.6 billion. The acquisition is intended to take ADT private, with the deal expected to close during the first quarter of 2027. Thrive Holdings, which functions as a specialized vehicle for applying artificial intelligence to traditional service industries, aims to leverage its technological expertise to modernize ADT's operations. While ADT currently maintains significant partnerships with major tech players like Google and Apple for smart home integrations, the acquisition marks a strategic shift toward AI-driven workflows within the company's security services.
Topics: Acquisition Artificial Intelligence Home Security Taking private
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Part of the story Thrive Holdings Acquires ADT in $15.3 Billion Deal to Build AI-Driven Smart Home Security (5 articles)