Adt announces sale of commercial business for $1.6 billion

Transaction unlocks substantial shareholder value with sale at significantly accretive multiples entirety of net proceeds used for debt paydown, resulting in post-divestiture leverage multiples closer to adt's stated goal of sub-3.0x net debt / adjusted ebitda adt strengthens focus on innovation and growth in core residential, small business and multifamily consumer markets boca raton, fla., aug. 08, 2023 (globe newswire) -- adt inc. (nyse: adt), the most trusted brand in smart home and small business security, today announced that it has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to gtcr, a leading private equity firm, for a purchase price of $1.6 billion, subject to customary purchase price adjustments.
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