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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 and would take the home-security company private; further transaction terms were not provided in the report.
Thrive Holdings, led by investor Joshua Kushner, has agreed to acquire ADT in an all-cash deal valued at $7.6 billion, a transaction expected to take the home-security company private. The acquisition is projected to close in the first quarter of 2027, according to The Verge’s report, which cited an earlier Bloomberg report.
The reported purchase price is $7.6 billion, and the transaction is described as an all-cash deal. If completed, ADT will no longer be publicly traded. The report did not provide further details on financing, the offer price per share, or any conditions the companies must meet before closing.
Thrive Holdings was founded in 2025 as an offshoot of Thrive Capital Management, Joshua Kushner’s venture capital firm. The holding company buys established businesses, including firms in accounting and IT services, and seeks to apply technology and artificial intelligence to their operations, according to the report.
ADT provides home-security services and has also partnered with technology companies. Those arrangements have allowed ADT technicians to sell and install Google Nest devices and Apple’s newer smart-home products, The Verge reported. The acquisition would place the company under Thrive Holdings’ ownership, though details of any operational changes have not been announced.
ADT’s Shift to Private Ownership
The deal would move ADT out of public markets and into private ownership, subject to closing. That change could give its new owner more control over long-term investment and business decisions, but the report does not specify what changes Thrive plans to make or whether ADT’s services, staffing, or partnerships will be affected.
The transaction also brings a large, established home-security provider into a holding company that says it applies technology to traditional businesses. ADT’s existing services and smart-home relationships could give Thrive a platform for testing that approach. Any expected gains in efficiency, customer experience, or security offerings remain prospective benefits, not outcomes established by the announcement.
The acquisition is also notable because of Joshua Kushner’s public profile and family connection: he is the brother of Jared Kushner, President Donald Trump’s son-in-law. That relationship is biographical context; the report does not identify it as a factor in the deal or provide evidence of government involvement.
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Thrive’s Technology Investment Strategy
Thrive Holdings was established last year as an offshoot of Thrive Capital Management. The report describes its approach as acquiring businesses in established industries and applying AI and other technology to their workflows. TechCrunch has characterized Thrive Holdings as a “private equity firm for AI,” a description quoted in The Verge’s account rather than a formal classification of the company.
ADT is not solely a technology-products retailer: its core business is home security, alongside related services and smart-home installations. Its partnerships with Google and Apple connect those services with consumer devices. The reported acquisition would combine that existing business with Thrive Holdings’ stated interest in technology-driven operational changes, although the companies have not disclosed a specific integration plan.
“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 Undisclosed
The reported $7.6 billion valuation and expected first-quarter 2027 closing date are available, but the account does not state the per-share purchase price, financing arrangements, or whether the deal requires regulatory, shareholder, or other approvals. It also does not describe termination provisions or what could delay or prevent completion.
ADT and Thrive Holdings have not, in the material provided, detailed how the acquisition would affect ADT customers, employees, leadership, pricing, service operations, or its Google and Apple partnerships. The report also does not set out specific AI deployments or quantify anticipated savings or improvements. Those matters remain unknown until the companies provide further information.
Closing Expected in Early 2027
The next major milestone is the expected closing in the first quarter of 2027. Until then, the transaction remains an agreement to acquire ADT, not a completed transfer of ownership. The companies’ subsequent disclosures may clarify the deal’s conditions, financing, and timetable.
Readers will also be watching for details about ADT’s public-market status and plans for its business after closing. Thrive Holdings and ADT have not, in the reported material, announced specific changes to products, partnerships, or operations. Those questions may be answered as the deal moves toward completion.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, has agreed to acquire the home-security company.
How much is the ADT deal worth?
The transaction is valued at $7.6 billion and is described as an all-cash deal. The report did not give a per-share price.
When is the acquisition expected to close?
The deal is expected to close in the first quarter of 2027. It has not yet been completed.
Will ADT remain publicly traded?
The reported deal is expected to take ADT private. The report did not provide details about the process or timing for removing the company from public markets.
What will change for ADT customers?
No customer-facing changes have been detailed in the report. Effects on ADT’s services, pricing, employees, and partnerships with Google and Apple remain unclear.
Source: theverge.com
