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Joshua Kushner-led Thrive Holdings has agreed to acquire ADT in an all-cash transaction valued at $7.6 billion, according to The Verge, citing an earlier Bloomberg report. The deal is expected to close in the first quarter of 2027 and would take ADT private; the available report does not specify the purchase price per share or detailed transaction terms.
Joshua Kushner-led Thrive Holdings is acquiring home security company ADT in an all-cash deal valued at $7.6 billion, according to The Verge, which cited an earlier Bloomberg report. The transaction is expected to close in the first quarter of 2027 and would take ADT private.
The deal would transfer ADT from public ownership to Thrive Holdings, an investment company founded in 2025 as an offshoot of Kushner’s venture capital firm, Thrive Capital Management. The reported purchase value is $7.6 billion. The source report does not provide a per-share offer price, financing details, or further terms of the agreement.
Thrive Holdings has been described by TechCrunch as a kind of “private equity firm for AI”. The firm buys established businesses, including companies in accounting and IT services, and seeks to apply artificial intelligence to their operations. The description reflects TechCrunch’s characterization; the report does not detail a specific AI plan for ADT.
ADT runs a home security service and also works with technology companies on connected-home products. Its partnerships have allowed technicians to sell and install Google Nest devices and Apple smart home products. ADT Chief Executive Jim DeVries said Thrive’s resources could support changes to the company’s services, but the announcement as reported does not set out specific product or staffing changes.
ADT’s Shift to Private Ownership
Taking ADT private would move the company out of public-market ownership if the transaction closes as expected. That shift could give its new owner more control over long-term investment and business decisions, though the available report does not describe how Thrive plans to manage ADT or whether it will change the company’s strategy.
The acquisition also links an established security provider with an investor that has focused on applying AI to traditional businesses. ADT’s home security operations and its connected-device partnerships could offer areas where technology investments may matter to customers. Those are potential areas of interest, not confirmed plans: no specific AI deployment, customer offering, or operational target for ADT was disclosed in the source report.
For customers, the immediate news is an ownership deal with a closing date still months away. The report does not announce changes to subscriptions, monitoring services, device support, or ADT employees. Any effect on those areas remains undetermined.
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Thrive’s Business-Buying Strategy
Thrive Holdings was founded in 2025 as an offshoot of Thrive Capital Management, Joshua Kushner’s venture capital firm. Its stated approach, as described in the source coverage, is to acquire traditional service businesses and use technology, including AI, in their workflows. The ADT transaction would extend that approach into home security, a business with consumer services and technology partnerships.
ADT is not solely a provider of standalone security systems. Its work with Google Nest and Apple connects its installation business with the smart-home market. That background helps explain why an investor focused on technology-enabled operations may be interested in the company, but the source material does not state that these partnerships prompted the acquisition or that they will change after the sale.
The report identifies Kushner as the brother of Jared Kushner, President Donald Trump’s son-in-law. It does not describe a role for Jared Kushner in the transaction or connect the acquisition to his activities. The reported deal details concern Joshua Kushner’s Thrive Holdings and ADT.
“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 a company press release
Deal Terms Still Undisclosed
The source report does not provide the price per ADT share, the transaction’s financing structure, or any conditions that must be met before closing. It also does not identify regulatory or shareholder approval requirements, or say whether either party expects obstacles to the timetable.
ADT’s operating plans under Thrive Holdings have not been detailed. The report does not confirm changes to customer prices, security services, smart-home partnerships, jobs, or the company’s use of AI. DeVries’ comments describe anticipated opportunities, but they do not establish which initiatives the buyer will pursue.
The expected first-quarter 2027 closing is a reported forecast, not confirmation that the transaction has been completed. The source material does not specify a precise closing date or provide updates on the steps needed to finalize the acquisition.
Closing Target: Early 2027
The parties are aiming to complete the transaction in the first quarter of 2027, according to the report. Until it closes, ADT remains subject to the existing ownership structure; the source material does not say that the company’s day-to-day customer services will change before then.
Further company disclosures would be needed to clarify the agreement’s full financial terms, any approval process, and the plans Thrive Holdings has for ADT after closing. The next confirmed milestone in the supplied reporting is completion of the sale, which remains expected rather than finalized.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, is acquiring the home security company, according to the report.
How much is the ADT deal worth?
The all-cash transaction is valued at $7.6 billion. The report does not give a per-share price.
When is the deal expected to close?
The reported target is the first quarter of 2027. The deal has not been reported as completed.
Will ADT customers see changes to their service?
The source report does not announce changes to subscriptions, monitoring, device support, or other customer services. Thrive Holdings’ specific plans for ADT have not been disclosed in the supplied material.
What is Thrive Holdings’ connection to AI?
Thrive Holdings has been described by TechCrunch as buying traditional businesses and applying AI to their workflows. The report does not identify a specific AI project for ADT.
Source: theverge.com
