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Joshua Kushner-led Thrive Holdings has agreed to acquire ADT in an all-cash deal valued at $7.6 billion. The transaction is expected to close in the first quarter of 2027 and would take the home security company private; further deal terms and the companies’ plans after closing have not been detailed in the supplied 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 when it closes. The companies expect the deal to be completed in the first quarter of 2027, according to The Verge’s report, which cited an earlier Bloomberg report.
The proposed acquisition would remove ADT from public ownership, although the report does not specify the purchase price per share, financing arrangements, or other financial terms beyond the deal’s stated value and all-cash structure. The $7.6 billion figure describes the reported transaction value; the supplied material does not provide a breakdown of how that valuation was calculated.
Thrive Holdings was founded in 2025 as an offshoot of Kushner’s venture capital firm, Thrive Capital Management, according to The Verge. The outlet describes the newer company as buying established businesses and applying technology to their operations. TechCrunch has characterized Thrive Holdings as a “private equity firm for AI,” a description of its approach rather than a stated term of the ADT agreement.
ADT runs a home security service and has partnerships that let its technicians sell and install Google Nest devices and Apple smart home products, the report says. ADT Chief Executive Jim DeVries said the new owner’s capital and technology expertise could support changes at the company, but the supplied report does not detail specific investments, product changes, or staffing plans.
ADT’s Shift to Private Ownership
If completed, the acquisition will take ADT out of the public markets and put it under the ownership of Thrive Holdings. The change would shift the company’s ownership and reporting structure; the available report does not explain what changes customers, employees, or investors should expect in day-to-day operations.
The deal also links a large, established home security provider with a buyer whose stated approach involves applying technology to traditional businesses. ADT’s existing business includes security services and connected-home products, making its operations a possible area for technology investment. Any use of artificial intelligence at ADT, however, remains a strategy described in the broader context of Thrive Holdings, not a confirmed element of the acquisition plan in the source material.
For customers, the practical effect is not yet clear. The announcement, as reported, does not say whether monitoring plans, equipment, prices, service availability, or ADT’s existing relationships with Google and Apple will change after closing.
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Thrive Holdings’ Business Strategy
Thrive Holdings was established in 2025, according to The Verge, as an offshoot of Thrive Capital Management, the venture capital firm associated with Joshua Kushner. The report says Thrive Holdings acquires traditional businesses, including accounting and IT services, and applies technology to their workflows. That description provides context for the ADT purchase, but it does not establish what operational changes the buyer intends to make at ADT.
ADT’s business combines a standalone home security service with smart-home offerings. Its partnerships have allowed technicians to sell and install Google Nest devices and Apple products. The company’s role in security and connected-home services gives the acquisition relevance beyond a change in corporate ownership, though the report does not say those partnerships are being altered.
The Verge also identifies Joshua Kushner as the brother of Jared Kushner, who is President Donald Trump’s son-in-law. The supplied reporting does not indicate that this family relationship is connected to the terms of the transaction or any government involvement.
“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, as quoted by The Verge
Deal Terms and ADT’s Future
The reported announcement leaves several points open. The source material does not provide a per-share price, financing details, regulatory conditions, or a full transaction agreement. It also does not explain whether other approvals are required or whether either party can terminate the agreement under specified circumstances.
The expected closing window is the first quarter of 2027, but that is a forecast, not a completed transaction. The report does not say whether the timeline could change. Until the deal closes, ADT has not yet been taken private.
ADT’s post-acquisition plans are also not described. There is no confirmed information in the supplied report about changes to customer services, employee numbers, products, prices, the company’s brand, or its Google and Apple partnerships. Nor is a specific AI program at ADT confirmed.
Closing Expected in Early 2027
The immediate milestone is the parties’ expected completion of the transaction in the first quarter of 2027. Further information about the agreement, required approvals, financing, or operating plans may emerge before then, but the supplied report does not identify a specific next announcement or regulatory timetable.
Until closing, the acquisition remains pending. Readers will need to wait for company disclosures or subsequent reporting to learn whether the projected timeline holds and how Thrive Holdings plans to manage ADT after it becomes privately owned.
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 reported transaction is valued at $7.6 billion and is structured as an all-cash deal. The supplied report does not give a per-share price or a valuation breakdown.
When is the acquisition expected to close?
The companies expect the deal to close in the first quarter of 2027. It has not closed yet, and the timeline could still change.
Will ADT customers see changes to their service?
No customer changes are confirmed in the reported material. It does not specify whether plans, prices, equipment, or service arrangements will change after closing.
Will Thrive Holdings bring AI to ADT?
Thrive Holdings is described as applying technology to businesses it acquires, and TechCrunch has characterized its wider approach as focused on AI. But the report does not confirm a specific AI plan for ADT.
Source: theverge.com
