GTCR completed the acquisition of the commercial business of ADT for $1.6bn.

GTCR, a private equity firm, completed the acquisition of the commercial business of ADT, a company that provides residential, small and large business electronic security, fire protection, and other related alarm monitoring services, for $1.6bn. "Everon has a longstanding reputation for excellence in service and we look forward to continuing that legacy through strategic M&A, investing in technology to support innovation, and expanding Everon's portfolio of best-in-class solutions," Tom Ehrhart, GTCR Principal.