M&A · Industrials · Services-Detective, Guard & Armored Car Services
Thrive Holdings to acquire ADT Inc.
Announced Oct 29, 2026 · Announced
Deal value$15.30BEV $15.30B
Premium45.6%To unaffected price
EV / Adj. EBITDA5.6x3.0x EV / Revenue
ConsiderationAll cash$10.00 per share
Transaction
- Acquirer
- Thrive Holdings
- Target
- ADT Inc. (ADT)
- Buyer type
- Strategic
- Offer price per share
- $10.00
- Enterprise value
- $15.30B
- Status
- Announced
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $473M · 3.1%
- Go-shop
- Go-shop
- Financing
- —
Advisors
- To the acquirer
- Evercore
- To the target
- Citigroup, Goldman Sachs
Sector context · Industrials
- Comparable deals
- 99 in the prior 24 months
- Premium
- 45.6% vs. 37.5% sector median
- EV / Adj. EBITDA
- 5.6x vs. 11.4x sector median
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedOct 29, 2026
- ClosedPending