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Announced

ADT to acquire Sunpro Solar for $825m.

Financials

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Transaction Value£611m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Alternative Fuels

solar energy

United States

Private

Majority

Single Bidder

Pending

Friendly

Synopsis

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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.

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