Thrive Holdings to acquire ADT for $7.6B

Joshua Kushner's Thrive Holdings agreed to buy ADT in an all-cash deal valued at $7.6 billion, taking the home security company private with closing expected in Q1 2027. Thrive Holdings, an offshoot of Thrive Capital that buys traditional businesses and applies AI to their workflows, gains a large smart-home security operator.

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Thrive Holdings' all-cash $7.6 billion purchase of ADT extends its strategy of buying traditional service businesses and layering AI into their operations. Taking ADT private removes a listed pure-play home security name and gives shareholders a cash exit, with closing expected in Q1 2027 subject to approvals. ADT's partnerships to sell and install Google Nest and Apple smart home products make it a distribution channel for big-tech smart home hardware. The deal signals continued appetite for AI-driven roll-ups of recurring-revenue service businesses. Market effects are mostly confined to ADT holders and security-sector peers; the article states no financing or integration details.