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ADT Thrive Holdings Deal: What the $15.3B Acquisition Means for You
8 min read
By Chris Burg, founder of MyUtilitySearch · Last updated October 29, 2026
The ADT Thrive Holdings deal, announced October 29, 2026, is an all-cash agreement for Thrive Holdings to buy ADT for $10.00 a share, about $15.3 billion including debt. It is expected to close in early 2027. For ADT’s more than six million customers, nothing changes yet: contracts, monitoring prices and privacy policies stay as they are while the deal is pending.
Key takeaways: ADT Thrive Holdings
- Buyer: Thrive Holdings, the holding company created by Joshua Kushner’s Thrive Capital.
- Price: $10.00 per share in cash, a 45.6% premium; about $7.6 billion equity value and $15.3 billion enterprise value.
- Timing: expected to close in Q1 2027; a 30-day “go-shop” for rival bids runs to November 28, 2026.
- Customers: no change to contracts, pricing or privacy policies before closing. ADT then goes private and leaves the NYSE.
What is the ADT Thrive Holdings deal?
The ADT Thrive Holdings agreement is a take-private: Thrive Holdings will buy every outstanding ADT share for $10.00 in cash. Once it closes, ADT stops trading on the New York Stock Exchange and becomes a privately held company.
The price is a 45.6% premium to ADT’s unaffected close of $6.87 on October 27, 2026, and a 52.1% premium to its 30-day average. ADT shares jumped more than 34% on the news, to their highest level since December 2022.
Financing comes entirely from funds managed by affiliates of Apollo Global Management, and the deal has no financing condition. It still needs ADT stockholder approval and U.S. antitrust clearance.
| Term | ADT Thrive Holdings deal |
|---|---|
| Announced | October 29, 2026 |
| Price per share | $10.00 cash (45.6% premium to $6.87) |
| Equity value | About $7.6 billion |
| Enterprise value (with debt) | About $15.3 billion |
| Financing | Funds managed by Apollo affiliates |
| Go-shop window | Through November 28, 2026 |
| Expected close | First quarter of 2027 |
| After closing | ADT private; delisted from NYSE |
Definition: what is a “go-shop”?
A go-shop is a window after a deal is signed when the seller may actively look for a better offer. In the ADT Thrive Holdings agreement, ADT can solicit rival proposals for 30 days, through November 28, 2026, with a possible 10-day extension for bidders who come forward in time. If no superior bid appears, the original deal proceeds to a stockholder vote.
A go-shop does not mean another buyer is expected. It gives the board a way to show stockholders it tested the market. ADT has said it will not necessarily disclose developments during the window.
Who is Thrive Holdings?
Thrive Holdings is a permanent-capital holding company created by Thrive Capital, the venture firm founded by Joshua Kushner. Instead of buying and reselling companies on a fund timeline, it buys established “real economy” businesses to hold for the long term and invests in their technology.
It already owns more than 75 businesses across accounting, IT services and the built environment, including Current (accounting) and Shield (IT services). In August 2026 it raised more than $2 billion at a $12 billion valuation. ADT will be the foundation of its new smart home security business.
Thrive’s partners describe the plan as investing in ADT’s technology, products and nationwide service network “with the capital and patience to invest over decades.”
Who owns ADT, and how did it get here?
ADT has changed hands several times. The ADT Thrive Holdings sale is its third ownership change since 2012:
- 1874: ADT traces its roots to a Baltimore telegraph call-box network.
- 2012: Tyco spins ADT off as a standalone public company.
- 2016: Apollo Global Management takes ADT private and combines it with Protection 1 and ASG Security.
- January 2018: ADT returns to the NYSE at $14 a share.
- 2020: Google takes a roughly 6% stake; the partnership later produces ADT Self Setup.
- 2022: State Farm invests; it becomes ADT’s largest holder after Apollo exits.
- May 2026: Apollo sells its remaining ADT shares.
- October 29, 2026: ADT agrees to be acquired by Thrive Holdings.
Along the way ADT narrowed its focus to residential and small-business security. It sold its commercial business, sold its multifamily operations to Everon in 2025, and bought Origin Wireless in 2026 to add AI-powered motion sensing to products starting in 2027.
What does the ADT Thrive Holdings deal change for ADT customers?
Nothing changes for customers before the deal closes. ADT keeps operating as an independent company, your monitoring continues, and your contract terms and price stay exactly as written.
ADT also says its data and privacy policies are unchanged and that no new data sharing will happen without customer permission. Thrive Holdings has committed to uphold ADT’s privacy and cybersecurity standards.
After closing, the realistic changes are gradual: new app features, product bundles and pricing for new customers, and possibly changes to the dealer network. An ownership change does not by itself end or rewrite an existing monitoring agreement.
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What should ADT customers do now?
You do not need to do anything because of the ADT Thrive Holdings announcement. A few checks are still worth five minutes:
- Find your contract end date. Pro-installed ADT plans typically run 36 months (24 in California). Knowing the date tells you when you can renegotiate without an early-termination charge.
- Check what you pay. In 2026, ADT ranges from $9.99 a month for self-monitored ADT Blu to $59.99 or more for pro-installed systems. If you pay well above that for the same service, ask for a better rate.
- Read any notice carefully. If terms change after closing, the change must be communicated to you. Keep the notice and compare your options before renewing.
- Compare at renewal. Vivint, SimpliSafe, Ring and Frontpoint all compete on price and contract length. See our ADT home security cost guide for current plan prices.
Shopping now? How ADT compares on price
If the ADT Thrive Holdings news has you rethinking your system, compare monitoring cost and contract terms before you buy. These are 2026 starting prices from our provider guides:
| Provider | Monitoring per month | Contract |
|---|---|---|
| ADT | $9.99 self (Blu); $24.99–$34.99 pro (Blu); $59.99+ pro install | 36 months on Pro Install; Blu no contract |
| Vivint | From $24.99; about $45–$57 with cameras | 36 months, or $29.99 month-to-month |
| SimpliSafe | $9.99–$79.99 | No contract |
| Ring | $4.99–$19.99 (pro monitoring $19.99) | No contract |
| Frontpoint | About $15–$49.50 | Month-to-month possible; best discounts on 3 years |
| Brinks | $39.99–$54.99 | 36 months |
ADT’s advantages are its professional monitoring network, in-person installation and a six-month money-back guarantee. The trade-off is a longer contract on installed systems. If you want month-to-month flexibility, SimpliSafe and Ring cost less; if you want installed smart-home automation, Vivint is the closest match to ADT.
Will the ADT brand and dealers change?
Thrive Holdings plans to build its smart home security business on ADT, not replace it, so the ADT name, monitoring centers and service network are expected to continue. The announcement does not name any leadership or brand changes.
Authorized ADT dealers and installers should expect normal operations through closing. Ownership changes often bring new dealer programs and technology over time, so dealers should watch for program updates in 2027.
What the ADT Thrive Holdings deal means for home security
ADT is the largest name in professionally monitored home security, with more than six million customers and roughly one-third of the installed base, according to Parks Associates. Its share of recent buyers rose from 21% in late 2022 to 26% in late 2025.
Private ownership lets ADT invest without quarterly public-market pressure. The open question is where the money goes: deeper into professional monitoring and AI sensing, or into DIY systems, where ADT has trailed SimpliSafe and Ring.
For shoppers, the near-term effect is competition. Rivals often push promotions when a market leader changes hands, so late 2026 and early 2027 may be a good window to compare monitoring prices.
ADT Thrive Holdings timeline
- October 27, 2026: ADT’s unaffected closing price is $6.87.
- October 29, 2026: ADT and Thrive Holdings announce the $10.00-per-share, $15.3 billion deal; ADT stock jumps more than 34%.
- November 3, 2026: ADT reports third-quarter results, with no live Q&A because of the pending deal.
- November 28, 2026: The go-shop period for competing proposals ends (a 10-day extension is possible for some bidders).
- Q1 2027 (expected): Closing, after stockholder and antitrust approvals. ADT is delisted from the NYSE.
We will add dated entries here as the ADT Thrive Holdings deal moves toward closing.
ADT Thrive Holdings acquisition FAQ
Who is buying ADT?
ADT agreed on October 29, 2026 to be acquired by Thrive Holdings, a permanent-capital holding company created by Thrive Capital, the investment firm founded by Joshua Kushner. ADT will become the foundation of Thrive Holdings’ smart home security business.
How much is the ADT Thrive Holdings deal worth?
About $15.3 billion in enterprise value, including ADT’s debt, and about $7.6 billion in equity value. Stockholders will receive $10.00 per share in cash, a 45.6% premium to ADT’s unaffected closing price of $6.87 on October 27, 2026.
When will the ADT acquisition close?
ADT expects the deal to close in the first quarter of 2027, subject to stockholder approval, U.S. antitrust approval and customary conditions. Until then ADT operates as an independent public company.
Will my ADT monitoring price or contract change?
Not because of the announcement. Your monitoring agreement, price and service continue as written, and ADT says its data and privacy policies are unchanged. Watch for any change-of-terms notice after the deal closes, and compare your rate at renewal.
Who owns ADT now?
Until the deal closes, ADT remains a publicly traded company on the NYSE. Apollo, which took ADT private in 2016 and public again in 2018, sold its last shares in May 2026; State Farm became the largest shareholder. After closing, Thrive Holdings will own ADT and its stock will be delisted.
Sources
- ADT newsroom: ADT to be Acquired by Thrive Holdings in $15.3 Billion Transaction (October 29, 2026)
- SecurityInfoWatch: ADT acquired, going private again
- SEC EDGAR: ADT Inc. filings
- FTC: Premerger notification and antitrust review
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