Insta-analysis: ADT to divest its full commercial business
ADT Commercial sold for $1.6 billion to PE firm GTCR; company to retain ADT name for next 12 months
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ADT Commercial sold for $1.6 billion to PE firm GTCR; company to retain ADT name for next 12 months
ADT plans to divest its commercial business and focus solely on its residential and small business offerings.
ADT reports quickest breakeven time on subsidized residential installations ever at just 2 years. Google gear drives 7% resi growth.
ADT reports 50% of all residential installs had Nest Doorbell, and 30% had Nest Cam. Also, 40% of service calls handled remotely.
BOCA RATON, Fla., Dec. 16, 2022 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT) today announced that Jamie Haenggi has been appointed to lead ADT Solar, a division...