On a Boca Raton morning after the headline hit, a small-business account manager at ADT started fielding the same question from shop owners and homeowners: are you still ADT? On Oct. 29, 2026, ADT announced a definitive agreement for Thrive Holdings to acquire the company in an all-cash deal that values ADT at about $7.6 billion in equity and $15.3 billion in enterprise value.
ADT stockholders will receive $10.00 per share in cash if the deal closes. That price is a 45.6% premium to ADT's unaffected closing share price of $6.87 on Oct. 27, 2026, and a 52.1% premium to its 30-day volume-weighted average ending the same day. The Boca Raton and New York release says ADT's board unanimously approved the agreement. Financing commitments come from funds managed by affiliates of Apollo Global Management. The go-shop window runs until 11:59 p.m. New York City time on Nov. 28, 2026, with a possible 10-day extension for certain parties that submit proposals during the initial period. Closing is targeted for the first quarter of 2027, subject to stockholder approval and U.S. antitrust clearance.
In plain terms: Thrive Holdings is buying Boca-based ADT for $10 a share cash, about $7.6 billion equity and $15.3 billion enterprise value, the go-shop ends Nov. 28, and the target close is Q1 2027. Until then ADT keeps operating independently, so small-business and residential monitoring contracts do not need a rip-and-replace on rumor. Watch the go-shop result, the stockholder proxy and the antitrust path before changing vendors.
What should Boca HQ staff, dealers and small accounts do before Nov. 28?
Treat the go-shop end date as a calendar mark, not a panic button. ADT says it will continue to operate independently until the transaction closes. That means current monitoring, billing and service relationships remain with ADT during the pendency period described in the release. Authorized dealers and installers should keep fulfilling existing work orders under their present agreements unless ADT or Thrive publishes a different instruction. Employees at the Boca Raton headquarters and across the nationwide network should look for company communications and, once filed, proxy materials for any language on retention, benefits or dealer channel terms. Small-business and residential customers who ask "are you still ADT?" can be told the brand and operating company stay in place until close, and that the release commits to unchanged data and privacy policies with no new data sharing without customer permission.
Do not invent a Boca headcount from local rumor. The companywide figure in the release is more than 12,000 employees. Exact Boca Raton campus staffing, authorized dealer counts and installer network size are not broken out in the Oct. 29 announcement, so those figures remain UNKNOWN until a primary filing lists them.
The Deal Numbers Owners Can Verify
The hard numbers come from ADT's investor relations release. Equity value is approximately $7.6 billion. Enterprise value is $15.3 billion. Cash consideration is $10.00 per share. The board unanimously approved the agreement. Jim DeVries, ADT's chairman, president and chief executive officer, said the transaction recognizes value built by more than 12,000 employees and delivers a cash premium to stockholders. Kareem Zaki, a partner at Thrive Holdings, framed the plan as strengthening ADT's technology and product capabilities with long-term capital. Anuj Mehndiratta, also a Thrive partner, tied the privacy pledge to customer trust.
Thrive Holdings describes itself as a permanent capital holding company. The release says more than 75 businesses across accounting, IT services and the built environment are already part of Thrive, and that after closing ADT will form the foundation of Thrive's smart home security business. Evercore is exclusive financial advisor to Thrive, with Kirkland & Ellis as legal counsel. Citi and Goldman Sachs & Co. LLC advise ADT, with Cravath, Swaine & Moore LLP as legal counsel and Edelman Smithfield on strategic communications.
Those names matter for owners only as a contact map for later diligence. They are not a forecast of who will keep a local installation contract or a Boca desk. Until close, ADT remains the counterparty customers and dealers know.
What Changes and What Does Not Until Close
The release is explicit on operating independence before closing: ADT continues to operate on its own. After completion, ADT becomes privately held and its common stock ceases trading on the New York Stock Exchange. Data and privacy policies remain unchanged, and no new data sharing occurs without customer permission. That privacy line is the clearest customer-facing commitment in the announcement and should be the first answer when a small shop or homeowner asks whether a new owner means new data practices.
What the Oct. 29 release does not specify is also important. It does not publish a Boca Raton headcount, a dealer count, new credit terms for authorized sellers, or a post-close rebrand calendar. Proxy materials ADT intends to file with the SEC will be the place to read employee, stockholder and other participant details once those documents are available. Owners should treat missing details as UNKNOWN rather than filling gaps with competitor chatter.
For a Palm Beach County or Broward installer who wears an ADT badge, the near-term job is continuity: finish open installs, keep monitoring handoffs clean, and document any customer questions about ownership so account managers can answer from the release rather than from social media. For a Boca professional-services firm that sells into ADT campuses or vendor lists, the near-term job is relationship maintenance through Q1 2027, not a speculative pitch about "new ownership budgets."
Boca HQ, Dealers and the Small-Business Channel
ADT's Boca Raton headquarters sits inside a Palm Beach County corporate corridor that already tracks campus and talent news closely. The Gazette's map of the Related Ross Boca Raton Innovation Campus is one nearby lens on how large employers and supporting vendors plan around Boca campuses. An ownership change at ADT is a different story from a real estate campus map, but the same owner habit applies: verify the primary announcement, then watch filings and local vendor channels instead of reacting to every rumor.
ADT serves residential and small business customers across the United States through a nationwide network of security professionals. That channel is the practical SoFla angle. Independent authorized dealers and subcontracted installers often sit closer to the customer than any headquarters memo. Until ADT publishes channel guidance tied to the merger agreement, dealers should assume existing warranties, monitoring handoffs and brand standards remain in force. If a superior proposal emerges during the go-shop, ADT says it may terminate the merger agreement to accept that proposal under the agreement's terms. Either path still leaves customers under ADT operations until a close actually occurs.
Small-business owners who use ADT for alarm monitoring, cameras or smart-home packages should ask three practical questions of their account contact: whether monitoring and billing stay with ADT through close, whether privacy terms remain as stated in the Oct. 29 release, and whether any scheduled upgrade or renewal should wait for post-close product roadmaps. Those are operational questions. They are not a reason to cancel service on the strength of a headline alone.
Go-Shop, Stockholder Vote and Q1 2027 Path
The go-shop runs through Nov. 28, 2026, at 11:59 p.m. New York City time. ADT may solicit third-party proposals with help from its financial advisors, and a 10-day extension can apply for certain parties that submit during the initial window. The company says it does not intend to disclose go-shop developments unless disclosure is appropriate or required. Stockholder approval and U.S. antitrust approval remain closing conditions. There is no financing condition.
That sequence is the owner calendar. Before Nov. 28, watch for any superior-proposal news ADT chooses to disclose. After the go-shop, watch for the proxy statement ADT intends to file with the SEC, then the stockholder vote and antitrust timeline into a Q1 2027 target close. Third-quarter 2026 results were already scheduled for Nov. 3, 2026, before market open, with a 10 a.m. ET call that would not take questions because of the announced transaction. Financial updates after that will still matter for vendors who track ADT's cash cycle, but the merger path is the bigger ownership story.
Florida corporate transitions of this scale often land next to other owner planning calendars. The Gazette's coverage of the Bacardi Florida distribution switch to Reyes on Jan. 1, 2027 is a different industry with a clearer cutover date. ADT's story is still pre-close. Keep those timelines separate. For South Florida operators scanning year-end business calendars more broadly, the G20 Doral December 14 to 15 business owner guide remains a separate events map, not a merger diligence checklist.
Owner Checklist Through Close
- Mark Nov. 28, 2026, as the go-shop end (11:59 p.m. New York City time), with a possible 10-day extension for certain parties.
- Keep existing ADT monitoring and service contracts in force unless ADT issues a written change; the release says ADT operates independently until close.
- Tell residential and small-business customers that data and privacy policies remain unchanged and that no new data sharing occurs without permission, per the Oct. 29 release.
- Dealers and installers: fulfill open work under current agreements; ask ADT channel contacts for any merger-related guidance rather than inventing new terms.
- Boca HQ and field employees: wait for company communications and SEC proxy materials for employment and benefit detail; do not treat local rumor as policy.
- Vendors selling into ADT: maintain relationships through the Q1 2027 target close; Apollo-affiliated financing and advisor names are context, not a new purchase-order path.
- After any close: watch for private-company operating updates from ADT under Thrive ownership, including product and technology investment language already flagged in the release.
For Boca employers, authorized dealers and small security customers, the takeaway is short. Thrive Holdings is acquiring ADT for $10.00 per share cash, about $7.6 billion equity and $15.3 billion enterprise value, with a Nov. 28 go-shop and a Q1 2027 close target. Contracts and monitoring stay with ADT until close, privacy commitments stay as stated, and the next verified documents to read are any go-shop disclosure and the stockholder proxy, not social media speculation.
Sources
- ADT Inc. investor relations, ADT to be acquired by Thrive Holdings in $15.3 billion transaction, Oct. 29, 2026
- GlobeNewswire, ADT to be acquired by Thrive Holdings in $15.3 billion transaction, Oct. 29, 2026
Related
- Related Ross Boca Raton Innovation Campus: BRIC Owner Map
- Bacardi Florida Distribution Switches to Reyes Jan 1 2027
- G20 Doral December 14 to 15 Business Owner Guide
Key Facts for Owners and Search
How much is Thrive Holdings paying for ADT, and when could it close?
ADT stockholders receive $10.00 per share in cash under a definitive agreement announced Oct. 29, 2026. The deal values ADT at about $7.6 billion in equity and $15.3 billion in enterprise value. Closing is targeted for Q1 2027, subject to stockholder approval and U.S. antitrust clearance. Financing commitments come from funds managed by affiliates of Apollo Global Management.
What is the go-shop deadline owners should mark?
ADT may solicit third-party proposals until 11:59 p.m. New York City time on Nov. 28, 2026, with a possible 10-day extension for certain parties that submit during the initial go-shop. ADT says it will not disclose go-shop developments unless disclosure is appropriate or required. Until close, ADT continues to operate independently.
Does the sale change ADT monitoring or data privacy before close?
No change is stated for pre-close operations. The Oct. 29 release says ADT will continue to operate independently until the transaction closes. Data and privacy policies remain unchanged, and no new data sharing occurs without customer permission. After completion, ADT becomes privately held and its common stock leaves the New York Stock Exchange.
What is known about Boca HQ jobs and the dealer channel?
ADT cites more than 12,000 employees companywide. Exact Boca Raton headquarters headcount, authorized dealer counts and installer network size are not in the Oct. 29 announcement, so those figures are UNKNOWN here. Dealers and Boca staff should wait for company communications and SEC proxy materials rather than assuming post-close staffing or channel terms from the headline alone.
What should small-business and residential customers do next?
Keep current ADT service unless the company issues a written change. Ask your account contact whether monitoring and billing remain with ADT through the Q1 2027 target close, and whether privacy terms match the Oct. 29 release. Mark Nov. 28 for go-shop news and watch the stockholder proxy once filed. There is no verified need to replace systems on rumor before closing.
