Announced
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.
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