For more than 150 years, ADT has built its business around protecting homes and businesses through security systems, monitoring services, and a nationwide network of professionals. The company is now set for a change in ownership after Thrive Holdings, an investment company backed by OpenAI, agreed to acquire it in a transaction valued at $15.3 billion, including debt.
Announced on October 29, the all-cash deal values ADT’s equity at approximately $7.6 billion. Under the agreement, ADT shareholders will receive $10 per share, representing a 45.6% premium over the company’s closing share price of $6.87 on October 27.
The acquisition will bring ADT into Thrive Holdings’ portfolio of established businesses, where the investment company plans to apply its technology and engineering capabilities to improve existing operations and develop new products.
Why Thrive Holdings Is Acquiring ADT
Founded by Josh Kushner, Thrive Holdings focuses on acquiring established businesses and improving their operations through technology. The company currently has more than 75 businesses across accounting, IT services, and the built environment.
Its approach involves bringing engineers and technology specialists together with professionals who understand the industries in which its businesses operate. The company also has an established partnership with OpenAI, where the ChatGPT-maker took an ownership stake in Thrive Holdings in December 2025.
Through the partnership, OpenAI provides research, product, and engineering support to help integrate artificial intelligence (AI) into the businesses Thrive Holdings owns. The collaboration initially focused on accounting and IT services, with plans to extend the approach into other industries.
For Thrive Holdings, ADT will form the foundation of its smart home security business following the completion of the acquisition.
How AI Could Change ADT’s Security Services
Thrive Holdings sees opportunities to use technology to improve how ADT delivers security services to its customers.
In its announcement, the company identified reducing false alarms and making security notifications more informative as two areas where new technology could improve the customer experience. It also wants to develop systems that can identify equipment problems earlier, giving monitoring teams better information when responding to potential issues.
These plans build on ADT’s existing operations, which include security monitoring, smart home automation, installation services and support for residential and small business customers across the United States.
However, neither company has announced specific AI-powered products that will be introduced following the acquisition. Thrive Holdings has only said it intends to work alongside ADT’s existing teams to strengthen its products, services, and technology capabilities.
Financing and Expected Completion Date
The acquisition will be financed through commitments from funds managed by affiliates of Apollo Global Management. ADT confirmed that Apollo-affiliated funds are providing the financing for the transaction, which is not subject to a financing condition.
The agreement also includes a 30-day period during which ADT can seek competing acquisition proposals from other interested parties. This process runs until November 28, with a possible 10-day extension for certain parties that submit proposals during the initial period.
The transaction is expected to close in the first quarter of 2027, subject to approval from ADT shareholders and U.S. antitrust regulators. Until then, ADT will continue operating independently. Once completed, the company will become privately held and its shares will be delisted from the New York Stock Exchange.
ADT also stated that its existing data protection and privacy policies will remain unchanged following the acquisition, as Thrive Holdings has committed to maintaining the company’s approach to protecting customer information, with no new data sharing without customer permission.
While the acquisition is still subject to necessary approval, it marks a significant expansion of Thrive Holdings’ investment strategy into the home security industry. It gives the company an established business with a large customer base and nationwide service network as it looks to bring more technology into traditional industries.
