Thrive Holdings to Acquire ADT in $7.6 Billion Deal

Thrive Holdings announced on Thursday that it is acquiring ADT in an all-cash deal. The transaction values ADT at $7.6 billion in equity, with a total enterprise value of $15.3 billion. The acquisition is expected to close in the first quarter of 2027 and will take the security company private. Thrive Holdings is a private equity spin-out from Joshua Kushner's venture capital firm, Thrive Capital Management. OpenAI is a partner and investor in Thrive Holdings, supplying AI models, technology, and forward-deployed engineers to its portfolio companies.

ADT will form the foundation of Thrive Holdings' smart home security business. The company currently holds over 75 companies. ADT CEO Jim DeVries stated that the deal will allow the company to accelerate innovation and enhance the customer experience. Neither ADT nor Thrive announced specific new AI-powered security products they will release. ADT has partnerships with major tech companies allowing its technicians to sell and install Google Nest devices and Apple's new lineup of smart home products.