Thrive Holdings agrees to purchase home security provider ADT for $7.6 billion in cash

Thrive Holdings, a private equity offshoot of Joshua Kushner's venture firm Thrive Capital, has agreed to acquire physical security provider ADT for $10 per share in cash, amounting to approximately $7.6 billion in equity. ADT stated that the overall enterprise value of the transaction reaches $15.3 billion. The acquisition will take ADT private and is slated to close during the first quarter of 2027. [1][2]

Thrive Holdings aims to acquire established, traditional companies and overhaul their operations using artificial intelligence, currently maintaining a portfolio of more than 75 businesses. As an investor and partner, OpenAI provides Thrive's portfolio with AI models, technical systems, and forward-deployed engineers. While neither party announced specific upcoming devices or tools, the companies said ADT will anchor Thrive Holdings' smart home security arm and stated plans to invest in new product releases. [1][2]

The acquisition arrives amid expanding interest in AI-enhanced physical security. Apple has stepped into the market with a lineup of home security products developed alongside LG and Schneider Electric, while Amazon has introduced refreshed smart home offerings that include AI-driven security cameras. [1]