ADT to Sell Its Commercial Unit to Private Equity Firm for $1.6 Billion

Home and small business security firm ADT said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for $1.6 billion.

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.

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