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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 the home security company private; details about the financing and integration plans have not been disclosed in the report.
Thrive Holdings, the investment company led by Joshua Kushner, has agreed to acquire home security provider ADT in an all-cash deal valued at $7.6 billion, according to The Verge. The transaction is expected to close in the first quarter of 2027 and would take ADT private, changing its ownership as it continues to sell security services and connected-home products.
The reported agreement is an all-cash acquisition valued at $7.6 billion. ADT will no longer be publicly traded if the deal closes as described. The Verge, citing an earlier Bloomberg report, said the expected closing window is the first quarter of 2027. The available report does not specify a per-share price or detail how the purchase will be financed.
Thrive Holdings was founded in 2025 as an offshoot of Thrive Capital Management, Joshua Kushner’s venture capital firm. The Verge describes Thrive Holdings as investing in established businesses and applying technology, including AI, to their operations. TechCrunch has characterized its approach as resembling a private equity firm focused on AI; that characterization is a media description, not a stated term of the ADT deal.
ADT operates home security services and has partnerships that let its technicians sell and install Google Nest devices and Apple smart-home products. ADT CEO Jim DeVries said the transaction could give the company access to long-term capital and technology expertise. The report does not provide a specific investment plan, staffing commitment or timetable for changes to ADT’s products.
ADT’s Ownership and Technology Plans
The acquisition would place a major home security provider under private ownership, subject to closing. That could give ADT a different environment for investment and decision-making than it has as a publicly traded company. However, the deal’s reported value does not by itself establish what Thrive plans to spend on ADT or whether customers will see changes to prices, service or equipment.
The transaction also links Thrive Holdings’ stated interest in applying technology to traditional businesses with a company whose services already combine monitoring, installation and connected-home devices. ADT’s existing relationships with Google and Apple make its smart-home business relevant to any future technology strategy. No specific AI deployment or change to those partnerships has been announced in the source report.
For customers, the immediate confirmed development is a change in the company’s prospective ownership, not a change to current service terms. The broader consequences will depend on how the buyer operates ADT after closing and whether it makes product, workforce or investment decisions that affect subscribers and employees.
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Thrive Holdings’ Business Approach
Thrive Holdings was established in 2025 as an offshoot of Thrive Capital Management. The Verge reports that it has pursued traditional service businesses, including accounting and IT services, with the aim of applying AI to business workflows. The reported ADT acquisition would bring a large consumer-facing security company into that portfolio.
ADT is not described as a technology company alone: it provides standalone home security services while also working with technology brands on connected-home products. The company’s technicians can sell and install Google Nest devices and Apple smart-home products, according to The Verge. Those arrangements are relevant background, but the report does not say they will change under the proposed ownership.
Joshua Kushner is the brother of Jared Kushner, President Donald Trump’s son-in-law. The relationship is part of the reported biographical context; the source does not report that it played a role in the transaction. The available information also does not describe any government involvement or political conditions attached to the deal.
“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 the company’s press release, as quoted by The Verge
Deal Terms Still to Be Detailed
The report gives the $7.6 billion valuation, all-cash structure and expected closing period, but does not provide the purchase price per share, financing sources, or other detailed transaction terms. It also does not say whether the agreement includes regulatory or shareholder conditions, or what approvals remain before completion.
Thrive Holdings has not set out a detailed plan for ADT’s operations in the reported material. It remains unclear whether the buyer intends to change the company’s workforce, service offerings, technology investments, pricing or partnerships with Google and Apple. The CEO’s comments describe possible opportunities, not confirmed commitments.
The expected first-quarter 2027 closing is a forecast, not a completed transaction. The source does not report whether the deal has since received required approvals or whether the timetable has changed.
Closing Expected in Early 2027
The next major milestone is the proposed closing, which The Verge reports is expected in the first quarter of 2027. Before that, the parties would need to complete any required steps under the transaction agreement. The available report does not list those steps or provide a schedule for additional filings or announcements.
Further details from ADT or Thrive Holdings could clarify the deal’s financing, conditions and plans for the company after closing. Until the transaction is completed, ADT remains subject to the existing ownership structure, and the reported acquisition should be treated as an agreed deal rather than a finalized transfer.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, has agreed to acquire ADT, according to The Verge.
How much is the ADT deal worth?
The transaction is valued at $7.6 billion and is described as an all-cash deal.
When is the acquisition expected to close?
The Verge reports that the deal is expected to close in the first quarter of 2027. That timing is an expectation, not confirmation that the transaction has closed.
Will ADT become a private company?
Yes, if the transaction closes as reported, it will take ADT private. The report does not give further details about the ownership structure after closing.
Will ADT customers see changes?
No customer changes are specified in the report. Thrive Holdings and ADT have not provided detailed plans there for pricing, services, products or the company’s partnerships with Google and Apple.
Source: theverge.com
