ADT Completes Sale of Commercial Business

BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) - ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today completed the previously …

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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Aug 8, 2023 · ADT, the most trusted brand in smart home and small business security, today announced that it has entered into a definitive agreement to sell its commercial security, fire …

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ADT Completes Sale Of Commercial Business

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ADT today completed the previously announced divestiture of its commercial security, fire and life safety business unit to GTCR, a leading private equity firm, for a purchase price of $1.6 billion, …

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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Aug 8, 2023 · ADT Announces Sale of Commercial Business for $1.6 Billion. ADT Inc. Tue, Aug 8, 2023, ... for a purchase price of $1.6 billion, subject to customary purchase price adjustments. …

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ADT To Sell Commercial Business For $1.6 Billion

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Aug 18, 2023 · ADT has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to GTCR, a leading private equity firm, for a purchase price of …

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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Aug 8, 2023 · --ADT Inc., the most trusted brand in smart home and small business security, today announced that it has entered into a definitive agreement to sell its commercial security, …

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Insta-analysis: ADT To Divest Its Full Commercial Business

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Aug 8, 2023 · In an industry-shaking move, ADT announced Tuesday it would shed its commercial security, fire and life safety unit to a private equity firm for $1.6 billion, as the …

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ADT Completes $1.6 Billion Sale Of Commercial Business

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May 10, 2023 · ADT has now completed the previously announced divestiture of its commercial security, fire and life safety business unit to GTCR, a leading private equity firm, for a …

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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Aug 8, 2023 · Secure a firmer grasp on the physical security industry with insights into ADT's $1.6 billion sale of its commercial security business to GTCR, enhancing consumer market …

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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divesting the commercial business. • Upon completion of the sale, ADT plans to use the net after-tax cash proceeds of approximately $1.5 billion for significant debt reduction, accelerating long …

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ADT Announces Sale Of Commercial Business For $1.6 Billion – …

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The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings.

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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BOCA RATON, Fla., Aug. 08, 2023 -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced that it has entered into a definitive …

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ADT Announces Sale Of Commercial Business For $1.6 Billion

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BOCA RATON, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced that it has entered …

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FAQs about ADT Completes Sale of Commercial Business Coupon?

Is ADT selling its commercial business to GTCR?

ADT has announced that it has entered into an agreement to sell its commercial security, fire and life safety business unit to GTCR, a leading private equity firm, for a purchase price of $1.6 billion, subject to customary purchase price adjustments. ...

Why did ADT sell its commercial business unit?

ADT Inc. agreed to sell its commercial business unit for $1.6 billion in a move to reduce its debt. Chicago-based private equity firm GTCR will acquire ADT Commercial in a deal expected to close in the fourth quarter. Moving forward, the home security giant will double-down on growing its consumer markets, said President and CEO Jim DeVries. ...

How much did ADT sell for?

Shares of the company were trading for $5.95 each Tuesday morning after the sale was announced, down 3% from market open. With $6.4 billion in revenue last year, ADT is among South Florida's largest public companies. ...

Who is ADT commercial?

The divested company, ADT Commercial, provides security, safety and monitoring services for businesses. "ADT has done a tremendous job in further developing this segment in recent years and we are excited to help drive the business forward in its next chapter of growth,” said David Donnini, managing director at GTCR. ...

Is ADT a public company?

With $6.4 billion in revenue last year, ADT is among South Florida's largest public companies. Sign up here for the Business Journal’s free morning and afternoon daily newsletters to receive the latest business news impacting South Florida. For more business intelligence, follow us on LinkedIn, Facebook, Twitter and Instagram. ...

Why did ADT sell off ADT commercial?

According to ADT, the strategic rationale of selling off ADT Commercial is to “support ADT’s journey to be the premier provider of smart home and residential solar solutions by leveraging our strategic differentiators: innovative offerings, unrivaled safety and premium customer experiences.” ...