State Farm completed a $1.2bn investment in Apollo-backed ADT.

State Farm, a large group of mutual insurance companies throughout the United States, completed a $1.2bn investment in Apollo-backed ADT, a provider of smart home and small business security solutions. "ADT’s partnership with State Farm creates the capability to drive innovation in homeowners insurance on a broad scale. By delivering a truly connected home, together we can improve the customer experience and provide more peace of mind. These new and expanded partnerships represent another bold step forward for our company and provide ADT more avenues to grow our customer base, strengthen brand loyalty and lower customer acquisition costs," Jim DeVries, ADT President and CEO.