BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering into a definitive agreement to sell its commercial security, fire and life ...
In an industry-shaking move, ADT announced Tuesday it would shed its commercial security, fire and life safety unit to a private equity firm for $1.6 billion, as the company plans to focus on ...
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 ...
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