Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion

The deal, which will take ADT private, is expected to close next year.

by Emma Roth

Oct 29, 2026, 4:03 PM UTC

Photo by Smith Collection/Gado/Getty Images

Emma Roth is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.

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 year, serving as an offshoot of Joshua Kushner’s venture capital firm Thrive Capital Management. TechCrunch likens Thrive Holdingsto a “private equity firm for AI,” as it purchases “traditional” businesses, like accounting and IT services, and applies AI to...

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