Thrive Holdings, a private equity firm spun out from Josh Kushner’s Thrive Capital, has acquired physical security provider ADT. The transaction values ADT at $10 per share, representing an equity value of approximately $7.6 billion. The total enterprise value of the deal is reported at $15.3 billion.
Thrive Holdings currently maintains a portfolio of over 75 companies. The firm operates with a long-term investment strategy focused on integrating artificial intelligence into its holdings. OpenAI serves as both a partner and an investor in Thrive Holdings, providing access to AI models, technology, and specialized engineering personnel.
Following the acquisition, ADT will serve as the core of the smart home security division within Thrive Holdings. While specific product roadmaps remain undisclosed, the companies confirmed plans to invest in and launch new AI-driven security offerings.
