Josh Kushner’s Thrive Holdings has agreed to acquire ADT, the 150-year-old security company, for $7.6 billion. The deal marks a major expansion for Kushner’s firm beyond its venture capital roots.
Thrive Holdings is the investment arm of Thrive Capital, the venture firm Kushner founded. The acquisition signals a shift toward buying established businesses outright rather than funding startups.
ADT provides security systems and monitoring services to millions of homes and businesses. The company has operated for more than a century and remains a recognizable brand in the security industry.
The purchase is part of a broader buying spree by Thrive Holdings. Kushner appears to be building a portfolio of controlling stakes in mature companies, not just minority positions in young tech firms.
The deal reflects a growing trend among venture investors. Firms increasingly look to take full ownership of proven businesses with steady revenue and established customer bases.
ADT’s subscriber model offers predictable recurring income. That stability can appeal to investors seeking reliable cash flow outside the volatile startup sector.
Thrive Holdings has not disclosed detailed plans for ADT’s operations. The acquisition is expected to close subject to regulatory approval and other customary conditions.
