ADT sells multifamily business to Everon for $55M cash; ~200,000 customer units

ADT Inc.

Transaction includes ~200,000 multifamily customer units generating ~$2.6M monthly recurring revenue.
Purchase price approximately $55M in cash, subject to customary adjustments.
Expected to close by end of Q3 2025.
Non-compete with respect to multifamily business runs until October 2, 2028.

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