Thrive Holdings to Buy ADT in 15.3 Billion Dollar Deal to Take the Security Firm Private

ADT agreed on Thursday to be acquired by Thrive Holdings in an all cash deal that will take the home security provider private, in a transaction with an enterprise value of 15.3 billion dollars including debt. ADT stockholders will receive 10.00 dollars in cash for each share they own on completion of the transaction. Reuters reported the equity value at about 7.6 billion dollars, a figure also reported by the Wall Street Journal.

Thrive Holdings is an investment vehicle formed by Josh Kushner's venture capital firm Thrive Capital, the Wall Street Journal reported. Trading in ADT shares was halted early on Thursday, the Journal also reported.

The company being bought

ADT is based in Boca Raton, Florida. It offers security monitoring, smart home automation and related services to residential and small business customers in the United States, according to Reuters. That customer base is the business Thrive Holdings would own in private hands once the deal closes, if the required approvals are obtained.

The price represents a premium to recent trading levels, on two measures set out in the filings and reporting. The Wall Street Journal put the premium at 35 percent to Wednesday's closing price of 7.41 dollars. A summary of ADT's Form 8-K filing put the premium at 45.6 percent to the 6.87 dollar unaffected closing price on October 27, 2026, and at 52.1 percent to the 30 day volume weighted average price.

Terms, financing and approvals

The transaction is expected to close in the first quarter of 2027, subject to ADT stockholder approval and United States antitrust approval. It is not subject to a financing condition, according to ADT's Form 8-K, filed with the Securities and Exchange Commission on October 29, 2026 at 9:23 a.m. Eastern Time.

Financing commitments for the deal are provided solely by funds managed by affiliates of Apollo Global Management, according to summaries of the filing. That point matters to the closing timetable because the agreement does not add a separate financing condition on top of the stockholder and antitrust approvals.

ADT may still receive a competing offer. The company may solicit competing proposals during a 30 day go shop period ending at 11:59 p.m. New York City time on November 28, 2026, with a possible 10 day extension for certain bidders. ADT may terminate the agreement to accept a superior proposal, subject to the terms of the agreement, according to the filing summary.

What comes next for ADT

ADT is scheduled to report third quarter 2026 results on November 3, 2026. Those results will arrive while the go shop period is still running and before shareholders are asked to approve the Thrive Holdings transaction.

No exact executive quote was included in the Reuters, Wall Street Journal or filing summary material available for this report, so this article does not quote company executives. The confirmed terms are the cash price per share, the equity and enterprise values, the expected closing period, the financing commitments, and the go shop deadline set out above.