This post was originally published on this site
ADT expects to use the net proceeds of about $1.5 billion from the deal to cut debt. Its shares rose as much as 1.3% in premarket trading.
“This transaction is mutually beneficial for ADT and ADT Commercial, which will benefit from GTCR’s support and expertise,” ADT CEO Jim DeVries said.
The sale is expected to close in the fourth quarter of 2023.
