OpenAI-backed Thrive Holdings acquires ADT
Thursday, October 29, 2026 · first reported by TechCrunch and 2 others
ADT is to be taken private by Thrive Holdings, a New York investment firm, in a cash transaction. The deal values ADT's equity at about $7.6 billion and the business at $15.3 billion including debt, per Law360, which says ADT made the announcement on Thursday.
TechCrunch identifies Thrive Holdings as OpenAI-backed and says it intends to apply AI to the home security business. Law360 lists Cravath and Kirkland as the law firms steering the transaction.
- Firm
- Thrive Holdings
- Also named
- ADT, OpenAI
- Deal value
- $15.3B
- Asset class
- Private equity
Advisers Kirkland & Ellis (legal counsel), Cravath, Swaine & Moore (legal counsel)
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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