GTCR Partners With Former GTCR Executives To Acquire ADT's Commercial Fire And Security Segment That Values The Business At ~$1.6B
Portfolio Pulse from Happy Mohamed
Private equity firm GTCR has signed an agreement to acquire ADT's Commercial fire and security segment (ADTC) for approximately $1.6 billion. The deal, which is expected to close in Q4 2023, will see ADTC become a standalone company. GTCR plans to drive growth and innovation at ADTC, with additional capital available for strategic M&A opportunities.
August 08, 2023 | 12:25 pm
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ADT is selling its Commercial fire and security segment to GTCR for $1.6 billion. The deal is expected to close in Q4 2023.
The sale of ADT's Commercial fire and security segment to GTCR could potentially free up capital for ADT to invest in other areas of its business. However, the impact on ADT's stock price in the short term is uncertain as it will depend on how the market perceives the deal and the company's future plans.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100