---
schema_version: "secwatch.filing_event.v1"
accession: "0001703056-23-000168"
form_type: "8-K"
ticker: "ADT"
cik: "0001703056"
company_name: "ADT Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:24:40.074204+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ADT completes $1.6B sale of commercial business to GTCR; uses proceeds to cut debt

## Summary
- Closed commercial security, fire, and life safety divestiture to GTCR for gross cash of $1.6125B.
- Net proceeds of ~$1.5B will redeem First Lien Term Loan due 2026 and First Lien Notes due 2024.
- Commercial business classified as discontinued operations beginning Q3 2023.
- EVP Commercial Daniel M. Bresingham resigned upon closing on October 2, 2023.

## SEC filing metadata
- accession: 0001703056-23-000168
- form_type: 8-K
- ticker: ADT
- cik: 0001703056
- company_name: ADT Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000168/0001703056-23-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000168/adt-20231002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703056-23-000168
- JSON: https://secwatch.observer/filing/0001703056-23-000168.json
- Plain text: https://secwatch.observer/filing/0001703056-23-000168.txt

## Key facts
- Executive change
  Daniel M. Bresingham resigned as Executive Vice President, Commercial at ADT Inc..
  - Action: resigned
  - Role: Executive Vice President, Commercial
  source text: Concurrent with the closing of the Commercial Divestiture on October 2, 2023, Mr. Daniel M. Bresingham, Executive Vice President, Commercial, resigned from his position as an executive officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000168/0001703056-23-000168-index.htm
- M&A Transactions
  ADT Inc. completed a disposition involving GTCR LLC (through Iris Buyer LLC) for $1,612.5 million in cash (closed 2023-10-02).
  - Action: disposition
  - Counterparty: GTCR LLC (through Iris Buyer LLC)
  - Consideration: $1,612.5 million in cash
  - Closing: 2023-10-02
  source text: On October 2, 2023, and pursuant to the Commercial Purchase Agreement, GTCR acquired all of the issued and outstanding equity interests of F&S Holdings (the "Commercial Divestiture"). The gross purchase price was $1,612.5 million in cash, subject to certain customary adjustments as set forth in the Commercial Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000168/0001703056-23-000168-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.