Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
News Source
•2026-10-29T12:03:28-04:00
📰 What Happened
Thrive Holdings, led by Joshua Kushner, is buying home security company ADT. The all-cash deal is worth $7.6 billion. It is expected to close in early 2027.
The purchase will take ADT private. Its shares will no longer trade publicly. Joshua Kushner is the brother of Jared Kushner, Trump's son-in-law.
ADT chief executive Jim DeVries said the deal brings long-term capital and technology expertise. He said it would help ADT speed up innovation.
🔍 The Backstory
Thrive Holdings was founded last year as an offshoot of Thrive Capital. TechCrunch has described it as a private equity firm for AI.
It buys traditional businesses, such as accounting and IT services. Then it applies AI to their workflows.
ADT has technicians who visit homes and fit security systems. They also sell and install Google Nest and Apple smart home products.
🎯 Why It Matters
ADT installs and monitors security systems in homes and businesses. New owners focused on AI could change prices and service.
Thrive Holdings, led by Joshua Kushner, is buying home security company ADT. The all-cash deal is worth $7.6 billion. It is expected to close in early 2027.
The purchase will take ADT private. Its shares will no longer trade publicly. Joshua Kushner is the brother of Jared Kushner, Trump's son-in-law.
ADT chief executive Jim DeVries said the deal brings long-term capital and technology expertise. He said it would help ADT speed up innovation.
Thrive Holdings was founded last year as an offshoot of Thrive Capital. TechCrunch has described it as a private equity firm for AI.
It buys traditional businesses, such as accounting and IT services. Then it applies AI to their workflows.
ADT has technicians who visit homes and fit security systems. They also sell and install Google Nest and Apple smart home products.
ADT installs and monitors security systems in homes and businesses. New owners focused on AI could change prices and service.