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Joshua Kushner-led Thrive Holdings has agreed to acquire ADT in an all-cash transaction valued at $7.6 billion. The deal is expected to close in the first quarter of 2027 and would take ADT private; further transaction terms and the companies’ plans after closing have not been detailed in the source report.
Joshua Kushner-led Thrive Holdings has agreed to acquire ADT in an all-cash deal valued at $7.6 billion, according to The Verge’s report on the announcement. The transaction is expected to close in the first quarter of 2027 and would take the publicly traded home-security company private.
The deal is an all-cash acquisition, and its reported value is $7.6 billion. The Verge, citing an earlier Bloomberg report, said the transaction is expected to close in Q1 2027. The available report does not specify the per-share price, the financing structure, or the exact steps required before closing.
Thrive Holdings is led by Joshua Kushner and was founded in 2025 as an offshoot of his venture capital firm, Thrive Capital Management. The report describes Thrive Holdings as buying established businesses and applying technology, including artificial intelligence, to their operations. ADT is a home-security company with a standalone service as well as partnerships involving smart-home products.
ADT chief executive Jim DeVries said the company expects Thrive Holdings’ capital and technology experience to create opportunities to advance innovation and customer service. The statement outlines the rationale ADT is offering for the transaction; it does not set out specific post-acquisition investments, operational changes, or customer commitments.
ADT’s Shift to Private Ownership
If completed, the acquisition would move ADT out of public ownership and give Thrive Holdings control of a company serving homes and businesses with security products and services. A private owner may have a different time horizon and reporting obligations from a publicly traded company, but the report does not describe how Thrive plans to manage ADT or whether its services, pricing, or workforce will change.
The transaction also puts a major established security provider within a holding company whose stated approach involves applying technology to traditional businesses. ADT already works with technology firms on smart-home devices, including Google Nest products and Apple’s newer smart-home lineup, according to The Verge. Whether those partnerships or ADT’s own technology strategy will change under new ownership is not yet known.
For customers, the immediate relevance is that the deal is not expected to close until 2027. The report announces a proposed change in ownership, not an immediate change to security monitoring, installations, or existing service arrangements.
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Thrive’s Business Model and ADT
Thrive Holdings was founded the year before the October 2026 announcement, according to The Verge, as an offshoot of Thrive Capital Management, Joshua Kushner’s venture capital firm. The Verge cited TechCrunch’s description of Thrive Holdings as a “private equity firm for AI,” referring to its reported strategy of buying traditional businesses and using AI in their workflows. That characterization describes the company’s investment approach; the report does not specify which ADT operations would use AI.
ADT’s business includes a standalone home-security service, alongside relationships with technology companies. The report says ADT technicians can sell and install Google Nest devices and that the company has partnered around Apple’s newer smart-home products. It does not say those companies are parties to the acquisition or that their arrangements are changing.
Joshua Kushner is the brother of Jared Kushner, President Donald Trump’s son-in-law. The relationship is biographical context reported by The Verge; the source provides no indication that it is related to the terms or approval of the ADT transaction.
“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 quoted by The Verge
Terms and Post-Deal Plans
The available report does not give the per-share offer price, explain how the $7.6 billion transaction will be financed, or detail any conditions that must be met before closing. It also does not say whether regulatory reviews or shareholder approvals are required, or provide a timeline for those steps.
Plans for ADT after the deal closes remain unclear. No specific changes to ADT’s services, prices, staffing, technology partnerships, or use of AI are laid out in the source material. The expected first-quarter 2027 closing is a forecast, not confirmation that the acquisition has been completed.
Closing Expected in Early 2027
The next major milestone is the transaction’s expected closing in the first quarter of 2027. Before then, additional disclosures may clarify the deal’s financial terms, any required approvals or other closing conditions, and how Thrive Holdings plans to operate ADT.
Until the acquisition closes, ADT remains under its existing ownership. The source report does not identify a firm closing date or describe any immediate changes for customers, employees, or business partners.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, has agreed to acquire the home-security company, according to The Verge’s report.
How much is the ADT deal worth?
The reported value is $7.6 billion, and the transaction is described as an all-cash deal.
When is the acquisition expected to close?
The deal is expected to close in the first quarter of 2027. It has not yet closed, and the report gives no exact date.
Will ADT become a private company?
Yes, if the acquisition is completed, it will take ADT private, according to the report.
Will the deal change ADT’s services or prices?
The source report does not describe changes to ADT services or pricing. Any post-acquisition plans for customers remain unclear.
Source: theverge.com
