Thrive Holdings announced on October 29, 2026, a definitive agreement to acquire ADT Inc. in an all-cash deal. The transaction values ADT at approximately $7.6 billion in equity and an enterprise value of $15.3 billion, including debt. Under the terms of the agreement, ADT stockholders will receive $10.00 per share in cash. This price represents a 45.6% premium to ADT's unaffected closing share price of $6.87 on October 27, 2026. ADT's Board of Directors unanimously approved the agreement. Upon completion, ADT will transition to a privately held company, and its shares will be delisted from the New York Stock Exchange. Thrive Holdings, a permanent capital holding company, focuses on acquiring established businesses and enhancing their capabilities through technology. The company intends to make ADT the foundation of its smart home security operations. Thrive Holdings stated its plan to invest in ADT's technology, products, and nationwide service network. While neither company has disclosed specific AI-driven security products, Thrive Holdings' strategy involves empowering its portfolio companies with artificial intelligence models and technology, with support from OpenAI as both a partner and investor. Thrive Holdings aims to use new technology to reduce false alarms, make notifications more informative for monitoring teams, and identify equipment problems earlier. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions. These conditions include approval by ADT's stockholders and receipt of U.S. antitrust clearance. The agreement also includes a 30-day "go-shop" period, extending until November 28, 2026, during which ADT can solicit alternative acquisition proposals. Funds managed by affiliates of Apollo Global Management are providing the financing commitments for the acquisition. Apollo Global Management previously owned ADT and fully exited its equity stake months before this announcement. ADT, with roots tracing back to 1874, serves millions of residential and small business customers across the U.S. The company has approximately 12,000 employees. ADT will continue to operate independently until the transaction closes, with its existing customer data protection and privacy policies remaining unchanged. Thrive Holdings currently holds stakes in more than 75 businesses across various sectors, including accounting, information technology services, and the built environment.