TL;DR
Get home appliances delivered free with Prime
- Fast, free delivery on millions of items
- Prime Video, Amazon Music and more included
- Member-only deals all year
Joshua Kushner-led Thrive Holdings has agreed to acquire ADT in an all-cash transaction valued at $7.6 billion. The deal is expected to close in the first quarter of 2027, subject to any required steps before completion, and would take the home security company private.
Thrive Holdings, the investment company led by Joshua Kushner, has agreed to buy home security provider ADT in an all-cash deal valued at $7.6 billion. The acquisition is expected to close in the first quarter of 2027 and would take ADT private, according to The Verge’s report on the announcement.
The transaction would move ADT from public ownership to private ownership once it closes. The reported purchase value is $7.6 billion, and the deal is structured as an all-cash acquisition. The announcement did not specify a per-share price or provide a detailed breakdown of the transaction’s financing.
Thrive Holdings was founded in 2025 as an offshoot of Thrive Capital Management, Kushner’s venture capital firm. The company has pursued acquisitions of traditional businesses where it sees opportunities to apply technology, including artificial intelligence, to business operations. TechCrunch has described Thrive Holdings as a “private equity firm for AI.”
ADT operates a home security service and has partnerships with major technology companies. The Verge reported that ADT technicians can sell and install Google Nest devices and Apple’s new smart home products. Those relationships connect ADT’s installation and security services with consumer smart-home equipment, though the deal announcement does not detail how the partnerships may change under new ownership.
ADT’s Future Under Private Ownership
The acquisition would place a major home security company under the ownership of a buyer whose stated investment approach includes applying technology to established businesses. That makes ADT’s operating strategy and any planned use of AI relevant questions for customers, employees and the broader smart-home market. No specific changes to ADT’s services, staffing or technology have been announced in the source report.
For ADT customers, the confirmed development is a change in ownership, not an announced change to monitoring, pricing or equipment. ADT’s partnerships with Google Nest and Apple show that its business already intersects with the connected-home market. Whether those arrangements expand, continue unchanged or are revised after closing remains unknown.
The transaction also adds a large operating company to Thrive Holdings’ portfolio. Its approach differs from simply backing a technology startup: the firm has been buying established businesses and seeking to apply newer tools to their workflows. The reported deal price and expected timetable establish the scale of the proposed transaction, but do not by themselves explain how Thrive plans to run ADT.
Products Worth Considering
eufy Security Essential Alarm System, 7-Piece, No Monthly Fee
eufy Security SoloCam S340 3K Dual-Lens Solar Security Camera
eufy Security eufyCam C37 4-Camera Kit with 360° Pan and Tilt
As an affiliate, we earn on qualifying purchases.
Thrive Holdings’ Acquisition Strategy
Thrive Holdings was established last year as an offshoot of Thrive Capital Management. The source report describes its strategy as acquiring traditional businesses, including accounting and IT services, and applying AI to their operations. TechCrunch’s “private equity firm for AI” description is a characterization of that approach, not a stated label from the acquisition terms.
ADT is a home security provider with a standalone service as well as relationships with consumer technology companies. Its technicians sell and install Google Nest devices, and the company has also partnered around Apple’s smart-home products. The acquisition report does not say that these partnerships are part of the purchase agreement or that either company has announced a change to them.
Joshua Kushner is the brother of Jared Kushner, President Donald Trump’s son-in-law. That family relationship is biographical context; the report does not identify it as a factor in the transaction. The stated deal parties are Thrive Holdings and ADT.
“With Thrive Holdings’ long-term capital and technology expertise, ADT will gain new opportunities to accelerate innovation, enhance the customer experience and bring greater peace of mind to even more homes and businesses.”
— ADT CEO Jim DeVries, in a company press release
Deal Terms Still Await Detail
The reported announcement gives the $7.6 billion valuation, all-cash structure and expected closing quarter, but does not spell out a detailed financing plan, a per-share price or any conditions that must be met before the acquisition can close. The source also does not say whether regulatory reviews or other approvals are required.
It remains unclear what Thrive Holdings intends to change at ADT after the purchase, if anything. Neither a specific AI implementation plan nor commitments about customer pricing, service levels, jobs or ADT’s existing technology partnerships are included in the reported details. These points should not be treated as settled before the transaction closes and the companies provide further information.
Closing Expected in Early 2027
The companies expect the transaction to close in the first quarter of 2027. Until then, the proposed acquisition remains pending; the report does not provide a more specific closing date or list the steps required to complete it.
Further announcements may clarify the transaction’s terms, approvals and plans for ADT after the ownership change. For now, the confirmed development is the agreement to acquire ADT, rather than any completed transfer or announced change to the services customers receive.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, has agreed to acquire ADT.
How much is the deal worth?
The transaction is valued at $7.6 billion and is described as an all-cash deal.
When is the acquisition expected to close?
The reported expected closing period is the first quarter of 2027. No specific closing date was given.
Will ADT become a private company?
Yes. The deal is expected to take ADT private once the acquisition closes.
Will ADT’s services or smart-home partnerships change?
No changes to ADT’s services, customer pricing or partnerships with Google Nest and Apple were specified in the report. Those plans remain unclear.
Source: theverge.com
