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Joshua Kushner-led Thrive Holdings has agreed to acquire ADT in an all-cash deal valued at $7.6 billion. The transaction is expected to close in the first quarter of 2027 and would take the home-security company private; details on the companies’ plans after closing have not been provided in the report.
Thrive Holdings, the investment firm led by Joshua Kushner, has agreed to acquire home-security company ADT in an all-cash deal valued at $7.6 billion. The transaction is expected to close in the first quarter of 2027 and would take ADT private, according to The Verge’s report, which cited an earlier Bloomberg report.
The deal is structured as an all-cash acquisition, and its announced value is $7.6 billion. ADT will no longer be publicly traded if the transaction closes as planned. The report did not provide the proposed per-share price, the financing breakdown or further details about the agreement’s conditions.
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 an investor in established businesses, including accounting and IT services, with a focus on applying artificial intelligence to business workflows. That approach provides a possible frame for the acquisition, but the report does not specify how Thrive plans to use AI at ADT.
ADT runs a home-security service and has partnerships with major technology companies. Its technicians can sell and install Google Nest devices, as well as Apple’s newer smart-home products, according to The Verge. ADT CEO Jim DeVries said the proposed change in ownership could support product development and customer service, though those outcomes are goals stated by the company, not results established by the announcement.
ADT’s Future Under Private Ownership
The acquisition would move a widely known home-security provider out of public markets and into private ownership. That gives Thrive Holdings a direct role in ADT’s future direction, while public investors would no longer hold shares if the deal closes. The $7.6 billion valuation makes the transaction a major commitment by the firm, although the report does not detail the purchase’s funding or how Thrive expects to earn a return.
For customers, the immediate relevance is less certain. ADT’s existing service and technology partnerships are part of its current business, but no changes to subscriptions, prices, products or staffing were announced in the source report. Thrive’s interest in using AI at traditional businesses may prompt questions about whether automation will affect ADT’s operations or customer support; the companies have not described any such plan for ADT.
The announcement also puts attention on the distinction between Thrive Holdings’ broader investment strategy and its specific intentions for this acquisition. The firm’s reported focus on applying technology to established businesses is relevant background, but it does not confirm that ADT will adopt particular AI systems or that customers will see changes after closing.
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Thrive’s Technology Investment Strategy
Thrive Holdings was established in 2025 as a separate venture from Thrive Capital Management. The Verge reports that it buys traditional service businesses and seeks to apply AI to their workflows. TechCrunch has characterized the firm as a “private equity firm for AI”; that description is an outlet’s characterization, not a formal label from the deal announcement.
ADT’s business combines security monitoring and services with a presence in the expanding smart-home market. Its partnerships with Google and Apple allow technicians to sell and install devices from those companies. The report does not say whether those partnerships will change under Thrive’s ownership or how the acquisition would affect ADT’s existing products and services.
Joshua Kushner is the brother of Jared Kushner, President Donald Trump’s son-in-law. The family relationship is part of the reported background, but the source material does not connect it to the acquisition terms or state that it played a role in 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
Deal Terms and Customer Impact
The reported $7.6 billion value and expected closing period are clear, but the source material does not give the proposed price per ADT share, financing details, or the conditions required to complete the acquisition. It also does not say whether regulatory reviews or shareholder approvals remain outstanding.
The companies have not set out a detailed operating plan for ADT after closing. It is not yet clear whether the transaction will change ADT’s leadership, workforce, customer pricing, service offerings or technology partnerships. Nor does the report confirm that Thrive will introduce AI tools into ADT’s operations. DeVries’s comments describe intended opportunities, rather than specific commitments or measured results.
Closing Expected in Early 2027
The next major milestone is the transaction’s expected closing in the first quarter of 2027. Until then, additional details may clarify the purchase terms, financing, required approvals and the companies’ plans for ADT. The source report does not identify a specific date for closing or list interim milestones.
Customers and employees can look for further statements from ADT and Thrive Holdings about any operational changes. For now, the confirmed development is an agreement to acquire ADT; the proposed benefits and the company’s post-deal direction remain to be explained.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, has agreed to acquire ADT. Thrive Holdings was founded as an offshoot of Thrive Capital Management.
How much is the ADT deal worth?
The transaction is valued at $7.6 billion and is described as an all-cash deal. The report does not specify the per-share price or financing details.
When is the acquisition expected to close?
The deal is expected to close in the first quarter of 2027. The source report does not provide an exact closing date.
Will ADT customers see changes?
No customer changes to pricing, services, products or technology partnerships were announced in the source material. The companies have not provided a detailed post-acquisition operating plan.
Why is Thrive Holdings buying ADT?
ADT’s CEO said Thrive’s capital and technology expertise could help accelerate innovation and improve customer experience. The source report does not give a detailed rationale from Thrive Holdings or confirm specific plans to apply AI at ADT.
Source: theverge.com
