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Permanent capital holding company1 story

Thrive Holdings is a New York based permanent capital holding company that owns and operates businesses in industries such as accounting, IT services and the built environment, and puts its own engineers into them to build technology products.

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A white ADT Security Services van with a ladder on the roof parked in front of a white house with a green lawn.Tech AI Latest

Thrive Holdings agrees to buy ADT for $15.3 billion and take the security firm private

AI Business & Funding

Thrive Holdings agreed on 29 October 2026 to buy ADT for $10 a share in cash, about $7.6 billion in equity and $15.3 billion including debt, and take it private.

Summary

Thrive Holdings, the holding company TechCrunch describes as backed by OpenAI, agreed on 29 October 2026 to acquire ADT for $10.00 per share in cash. The deal values the US security company at about $7.6 billion in equity and $15.3 billion in enterprise value, a 45.6% premium. Apollo-managed funds provide the financing. Closing is expected in the first quarter of 2027, after which ADT leaves the NYSE.