Ownership of ADT Security
ADT Security, formerly known as The ADT Corporation, is an American security company that provides residential and small business electronic security, fire protection, and other related alarm monitoring services throughout the United States.
Acquisition by Apollo Global Management
In February 2016, ADT was acquired by Apollo Global Management, a private equity firm, in a leveraged buyout for $6.9 billion. The purchase price represented a premium of approximately 56 percent over ADT’s closing share price on February 12, 2016, and when combined with Protection 1, represented an aggregate transaction value of approximately $15 billion.
Merger with Protection 1
After the acquisition by Apollo Global Management, ADT merged with another home security firm, Protection 1, in February 2016. The merger created a combined company with approximately $4.5 billion in revenue and 6 million customers.
Public Listing
In January 2018, ADT went public again and began trading on the New York Stock Exchange under the ticker symbol ADT. The initial public offering (IPO) raised approximately $1.5 billion.
Majority Ownership by Apollo Global Management
As of 2023, Apollo Global Management still retains a majority share in ADT. The firm owns approximately 54% of ADT’s outstanding shares.
Conclusion
ADT Security is owned by a combination of public shareholders and Apollo Global Management. Apollo Global Management is the majority shareholder, with a 54% stake in the company. ADT went public in 2018, but Apollo Global Management remains the controlling shareholder.
Sources
- ADT Inc. – Wikipedia
- About ADT Company History | What is & Who Owns ADT
- Home security giant ADT is bought for $7 billion
FAQs
Who owns ADT Security?
ADT Security is owned by a combination of public shareholders and Apollo Global Management. Apollo Global Management is the majority shareholder, with a 54% stake in the company.
When did Apollo Global Management acquire ADT Security?
Apollo Global Management acquired ADT Security in February 2016.
Why did Apollo Global Management acquire ADT Security?
Apollo Global Management acquired ADT Security because it saw an opportunity to improve the company’s operations and financial performance. ADT Security was a well-established company with a strong brand and a large customer base, but it was also facing some challenges, such as increasing competition and rising costs. Apollo Global Management believed that it could help ADT Security overcome these challenges and improve its profitability.
What are Apollo Global Management’s plans for ADT Security?
Apollo Global Management’s plans for ADT Security include investing in the company’s technology and infrastructure, expanding its product and service offerings, and growing its customer base. Apollo Global Management also plans to take ADT Security public again in the future.
Is ADT Security a publicly traded company?
Yes, ADT Security is a publicly traded company. It went public again in January 2018 and began trading on the New York Stock Exchange under the ticker symbol ADT.
What is the ticker symbol for ADT Security?
The ticker symbol for ADT Security is ADT.
Who is the CEO of ADT Security?
The CEO of ADT Security is Jim DeVries.