Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
The Joshua Kushner-led Thrive Holdings is acquiring ADT in an all-cash deal valued at $7.6 billion. The deal is expected to close in the first quarter of 2027 and will take ADT private, as reported earlier by Bloomberg. Joshua Kushner is the brother of President Donald Trump's son-in-law, Jared Kushner. Thrive Holdings was founded last […]
Thrive Holdings, a venture capital firm founded last year by Joshua Kushner, is acquiring ADT in a deal valued at $7.6 billion. The deal, expected to close in the first quarter of 2027, will take ADT private. Joshua Kushner is the brother of President Donald Trump’s son-in-law, Jared Kushner. ADT, known for its home security services, has been partnering with tech giants like Google and Apple, allowing its technicians to sell and install devices such as Google Nest and Apple’s smart home products.
Thrive Holdings, described by TechCrunch as a "private equity firm for AI," plans to leverage its long-term capital and technology expertise to enhance ADT's innovation, customer experience, and peace of mind for more homes and businesses.
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