Thrive Holdings to acquire ADT for $7.6 billion in cash deal
Thrive Holdings will acquire ADT Inc. (NYSE:ADT) for $7.6B in equity value, $15.3B enterprise value. ADT shareholders receive $10.00 per share, a 45.6% premium. Deal expected to close Q1 2027, pending approvals. ADT will delist from NYSE post-transaction.
How this was made
The 30-second read
Why it matters
The acquisition offers a significant premium to ADT shareholders and will remove ADT from public markets, affecting liquidity and sector dynamics.
Market read
The deal is material for ADT shareholders and may influence valuation multiples in the security services industry.
What to watch
Potential integration challenges and the impact of a go‑shop period on ADT's leverage.
Background
Thrive Holdings, a permanent‑capital holding company, is expanding its portfolio with a $7.6 billion cash acquisition of ADT, a leading security and smart‑home provider.
Ticker impact
ADT announced it will be acquired by Thrive Holdings for $10 per share, a 45.6% premium, taking the company private.
upward pressure as the market prices in the $10 cash offer
A cash acquisition at a sizable premium is a clear catalyst; the stock will likely rally to near the offer price before delisting.
Market effects
Consolidation in the security and smart‑home services sector may pressure peers.
U.S. market may see modest uplift in security‑service stocks.
Limited to U.S. listed security providers.
Counterpoint
If antitrust or financing issues arise, the deal could be delayed or abandoned, hurting ADT's valuation.
Key entities
- AcquirerThrive Holdings
Permanent‑capital holding company executing the cash acquisition.
- FinancierApollo Global Management
Provides financing commitments for the transaction.


