Announced
Financials
Sources
Tags
Acquisition
Domestic
Alternative Fuels
solar energy
United States
Private
Majority
Single Bidder
Pending
Friendly
Synopsis
ADT, a smart home and small business security provider, agreed to acquire Sunpro Solar, a solar power provider in the Gulf Coast, for $825m. "With its strong focus on the customer, Sunpro is the perfect partner for ADT and a logical extension of our ecosystem, unlocking an integrated home experience that includes security, automation, and energy management. By combining a cash-flow-positive company in the high-growth solar space with ADT’s trusted brand, national footprint, and cross-sell potential, we can expand offerings to our customers and accelerate growth for both ADT and ADT Solar," Jim DeVries, ADT President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.