ADT Acquires Sunpro Solar
December 15, 2021
ADT Inc. completed its acquisition of Sunpro Solar from a group of private equity investors (led by Compass Group Equity Partners and including TGP, MGG and Millstone) for $160 million in cash plus approximately 77.8 million ADT shares ( ~ $825 million implied value). Sunpro — a rooftop solar installer with ~3,600 employees operating 56 locations in 22 states — will be rebranded as ADT Solar, with founder Marc Jones and the Sunpro management team leading the new business to expand ADT's smart-home and energy offerings.
- Buyers
- ADT Inc.
- Targets
- Sunpro Solar
- Sellers
- Compass Group Equity Partners, TGP Capital Partners II / TGP Investments II, LLC, MGG Investment Group, Millstone Capital Advisors
- Industry
- Energy
- Location
- Louisiana, United States
- Transaction Type
- Buyout
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