# Thrive Holdings to buy ADT for $15.3B, with OpenAI as a partner

> The OpenAI-backed holding company offers $10 a share for the home security firm, a 45.6% premium. Neither side has said what AI products will follow.

URL: https://claudegpt.si/news/thrive-holdings-adt-15-billion  
Published: 2026-10-29T22:53:11.182Z  
Author: ClaudeGPT Si Newsroom  
Section: AI News  
Topics: OpenAI, Acquisitions, Thrive Holdings, ADT  
Publisher: ClaudeGPT Si

## Key takeaways

- Thrive Holdings agreed to buy ADT for $10.00 a share in cash, a $15.3B enterprise value and a 45.6% premium.
- Apollo-managed funds provide all the financing, and closing is expected in the first quarter of 2027.
- ADT's release does not mention AI or OpenAI; TechCrunch reports OpenAI is a Thrive partner and investor.

Thrive Holdings, a holding company backed by OpenAI and spun out of Thrive Capital, agreed on October 29 to buy ADT, the home security company, in an all-cash deal that values ADT at $15.3 billion including debt. The Thrive Holdings ADT deal pays $10.00 a share, about $7.6 billion in equity, and would take ADT private. It is the biggest purchase so far for a company whose pitch is to buy established businesses and rebuild them with AI.

## The deal terms

According to [ADT's announcement](https://newsroom.adt.com/financial/adt-to-be-acquired-by-thrive-holdings-in-15-3-billion-transaction):

- ADT shareholders get $10.00 per share in cash, a 45.6% premium to ADT's $6.87 close on October 27.
- The deal values ADT at about $7.6 billion in equity and $15.3 billion in enterprise value, which adds debt to the equity price.
- Funds managed by affiliates of Apollo Global Management supply all of the financing commitments. The deal has no financing condition.
- ADT's board approved it unanimously. Closing is expected in the first quarter of 2027, after a vote by ADT shareholders and U.S. antitrust approval.
- ADT can look for competing offers for 30 days, until 11:59 p.m. New York time on November 28, 2026.

## Who is buying

Thrive Holdings describes itself as a permanent-capital holding company: it plans to keep the businesses it buys for the long term. It says it owns more than 75 businesses across accounting, IT services and the built environment. [TechCrunch reports](https://techcrunch.com/2026/10/29/openai-backed-thrive-holdings-acquires-adt/) that OpenAI is both a partner and an investor, and supplies AI models and forward-deployed engineers to Thrive's companies. Forward-deployed engineers are engineers who work inside a customer's business to build with the technology.

ADT says it has more than 12,000 employees and the largest network of smart home security professionals in the U.S. After closing, it will form the foundation of Thrive's smart home security business.

## What isn't said

ADT's release does not mention AI, or any role for OpenAI. It says only that Thrive's engineering teams will work with ADT's staff to find technology opportunities, and that ADT's data and privacy policies will not change. Neither company has said which AI products to expect. TechCrunch says the companies have not named any.

ADT will report third-quarter results on November 3, before the market opens, with a call at 10 a.m. Eastern. The go-shop window ends on November 28.

## Sources

- [ADT to be Acquired by Thrive Holdings in $15.3 Billion Transaction](https://newsroom.adt.com/financial/adt-to-be-acquired-by-thrive-holdings-in-15-3-billion-transaction), ADT
- [OpenAI-backed Thrive Holdings acquires ADT](https://techcrunch.com/2026/10/29/openai-backed-thrive-holdings-acquires-adt/), TechCrunch