GTCR Acquires ADT Commercial (rebranded as Everon)
October 2, 2023
GTCR has completed the acquisition of ADT Inc.'s commercial security, fire and life safety business, which will operate as a standalone company rebranded as Everon. GTCR is partnering with former Protection1 executives Dan Bresingham (to serve as CEO) and Tim Whall (board director) and other ADT Commercial leadership to grow the business through strategic M&A and technology investment. ADT Inc. acted as the seller in the divestiture.
- Buyers
- GTCR, Dan Bresingham (management partner), Tim Whall (management partner), Other ADT Commercial leadership (management partners)
- Targets
- ADT Commercial (rebranding to Everon)
- Sellers
- ADT Inc.
- Industry
- Industrial Services
- Location
- Florida, United States
- Transaction Type
- Divestiture
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