ADT to Go Private in $15.3 Billion All-Cash Deal with Thrive Holdings

ADT Inc. (ADT) has agreed to be acquired by Thrive Holdings in an all-cash transaction valued at approximately $7.6 billion in equity and $15.3 billion in enterprise value. Stockholders will receive $10.00 per share, a 45.6% premium to ADT's unaffected closing price on October 27, 2026. ADT's board unanimously approved the deal, which is expected to close in the first quarter of 2027, subject to stockholder and U.S. antitrust approval. Financing commitments were provided solely by funds managed by affiliates of Apollo Global Management. The transaction is not subject to a financing condition. Under the agreement, ADT may solicit third-party proposals during a 30-day go-shop period, with a potential 10-day extension, and retains the right to terminate for a superior proposal. Following completion, ADT will become privately held and its common stock will cease trading on the New York Stock Exchange.