Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
Joshua Kushner's Thrive Holdings is acquiring home security provider ADT in an all-cash deal valued at $7.6 billion, taking the company private.
Stock photo for illustration only, not from the actual event
- Thrive Holdings is acquiring ADT in an all-cash transaction valued at $7.6 billion.
- The deal will take ADT private and is expected to close in the first quarter of 2027.
- Thrive Holdings focuses on acquiring traditional businesses to apply AI technologies to their workflows.
- ADT currently maintains partnerships with major tech giants to sell and install smart home devices.
Thrive Holdings, led by Joshua Kushner, has agreed to acquire home security provider ADT in an all-cash transaction valued at $7.6 billion. The acquisition will take the company private, as initially reported by Bloomberg.
Regarding the timeline for the transaction, the deal is expected to officially close during the first quarter of 2027. This move highlights a major investment strategy within the home security sector and a push toward integrating advanced technologies into established service providers.
Stock photo for illustration only, not from the actual event
Joshua Kushner is the brother of Jared Kushner, who is the son-in-law of President Donald Trump. Thrive Holdings was established last year as an offshoot of Kushner's venture capital firm, Thrive Capital Management. TechCrunch has previously compared Thrive Holdings to a private equity firm for AI, noting its approach of acquiring traditional businesses—such as IT and accounting services—and applying artificial intelligence to their daily operations.
This multi-billion-dollar acquisition underscores the ongoing trend of infusing AI and advanced automation into traditional consumer services like home security. By bringing institutional backing and technological expertise, the transition aims to modernize legacy workflows and accelerate smart ecosystem integration for everyday consumers.
Although ADT operates a standalone home security service, the company has successfully forged partnerships with major technology companies. These collaborations enable ADT technicians to sell and install Google Nest devices as well as Apple's newest lineup of smart home products.
Jim DeVries, the CEO of ADT, shared his perspective on the acquisition in the official press release, stating:
"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."
Jim DeVries
Source: The Verge
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