ADT, the US home security company that claims the country's largest network of smart home security professionals, announced on 29 October 2026 that it will be acquired by Thrive Holdings. The deal is all cash: $10.00 per share, which values ADT at about $7.6 billion in equity value and $15.3 billion in enterprise value. That is a 45.6% premium over the closing price on 27 October.

Who is buying

Thrive Holdings is a holding company spun out of Josh Kushner's Thrive Capital. It buys established businesses and keeps them long term, using its own engineers to add technology. It already owns more than 75 companies in accounting, IT services and the built environment. TechCrunch notes that OpenAI is both a partner and an investor in Thrive Holdings, supplying models and so-called forward-deployed engineers to its companies.

According to the announcement, ADT "will form the foundation of Thrive Holdings' smart home security business". Neither company has said what new products are planned. They only talk about investing in technology and giving the people who respond to alarms "more actionable information".

Data and privacy

For a company that holds alarm events, camera footage and door lock access for millions of homes, the question of data is obvious. ADT and Thrive say ADT's data and privacy policies will stay unchanged and no new data sharing will happen without customer permission. That is a promise in a press release, not a technical guarantee, and it is worth watching once the deal closes.

Timing

  • Financing comes from funds managed by Apollo Global Management affiliates.
  • ADT can look for a better offer until 28 November 2026 (go-shop period), with a possible 10-day extension.
  • Closing is expected in the first quarter of 2027, subject to shareholder and US antitrust approval.
  • Until then ADT stays public and independent. Q3 2026 results come on 3 November.

ADT operates in the US, so the deal does not directly affect alarm systems in Europe. It does show where the money is going: TechCrunch puts it next to Apple's new home security push and Amazon's AI cameras as signs that AI-based home security is the current focus.