ADT acquisition history

Sunpro Solar, founded in 2008, marketed, designed, sold, installed and maintained rooftop solar power systems for residential and commercial properties through a full-time workforce of roughly 3,600 solar professionals across 56 locations in 22 states, and was ranked the #2 U.S. residential rooftop solar contractor for 2021. ADT rebranded the business as ADT Solar to enter the residential solar market. ADT subsequently rationalized the operation, decided in January 2024 to exit the Solar Business entirely, and had substantially ceased all solar operations as of June 30, 2024. Approximately $750 million total consideration (cash of ~$142 million net of cash acquired plus ~75 million ADT shares valued at ~$569 million, including ~5 million shares issuable through 2022); announced with an implied enterprise value of ~$825 million ($160 million cash plus ~77.8 million shares).

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 — President and Chief Executive Officer, ADT Inc.

Becoming part of the ADT family will accelerate our ability to bring residential and commercial rooftop solar to more customers, helping them save money and also become more energy independent.Marc Jones — Founder, Sunpro Solar

Red Hawk Fire & Security, held through Fire & Security Holdings, LLC, was a leader in commercial fire, life safety, and security services. ADT acquired all of its issued and outstanding capital stock on December 3, 2018 to significantly expand its commercial fire and security capabilities, reach, and customer base. ADT later divested its commercial business (into which Red Hawk had been integrated) to GTCR LLC in October 2023. Approximately $318 million total consideration (including ~$16 million of assumed finance/capital lease liabilities); ~$301 million cash paid, net of cash acquired.

On December 3, 2018, the Company acquired all of the issued and outstanding capital stock of Fire & Security Holdings, LLC ('Red Hawk Fire & Security'), a leader in commercial fire, life safety, and security services, for total consideration of approximately $318 million, which includes the assumption of capital lease obligations of $16 million, and cash paid of approximately $301 million, net of cash acquired.ADT Inc. FY2018 Form 10-K — Acquisitions note

Defender Holdings, Inc. ('Defenders') was ADT's largest independent authorized dealer prior to the acquisition. In January 2020 ADT acquired Defenders and its direct-to-consumer digital sales and installation operations, bringing its largest dealer's sales, marketing and installation capabilities in-house. Approximately $290 million total consideration (cash paid of ~$173 million net of cash acquired plus the issuance of ~16 million ADT shares valued at ~$114 million).

In January 2020, we acquired Defenders for total consideration of approximately $290 million, which consisted of cash paid of $173 million, net of cash acquired, and the issuance of approximately 16 million shares of our Common Stock with a fair value of $114 million. Defenders was our largest independent dealer prior to the Defenders Acquisition.ADT Inc. FY2021 Form 10-K — Acquisitions and Dispositions

Cell Bounce is a technology company with proprietary radio-conversion technology delivered as a user-installable device, intended to let ADT transition customers off 3G networks cost-efficiently as carriers sunset 3G service.

During November 2020, we acquired Cell Bounce, a technology company with proprietary radio conversion technology in the form of a user-installable device, which is expected to allow for the transition of customers on 3G networks in a cost efficient and timely manner.ADT Inc. FY2020 Form 10-K

LifeShield is a do-it-yourself, self-setup home security provider. ADT's FY2019 10-K ties the LifeShield acquisition to the start of 2019 (it began excluding DIY customers from certain attrition metrics 'as of January 1, 2019, in conjunction with the acquisition of LifeShield LLC'); LifeShield became a subsidiary guarantor under a supplemental indenture dated March 12, 2019.

As of January 1, 2019, in conjunction with the acquisition of LifeShield LLC, we began presenting gross customer revenue attrition excluding existing and new DIY customers.ADT Inc. FY2019 Form 10-K

DataShield, LLC is a provider of cybersecurity services for mid-sized companies. ADT acquired it in 2017 to expand its suite of services beyond monitoring; DataShield became a subsidiary guarantor under supplemental indentures dated November 15, 2017.

We recently acquired DataShield, LLC, a provider of cybersecurity services for mid-sized companies, which expands our suite of services.ADT Inc. FY2017 Form 10-K

Secure Designs provides cybersecurity services for business customers. ADT's FY2018 10-K lists Secure Designs alongside DataShield as cybersecurity acquisitions that expanded ADT's suite of services; no acquisition value or specific date is disclosed in the filing.

We have acquired DataShield, LLC and Secure Designs, each of which provide cybersecurity services for business customers, which expands our suite of services.ADT Inc. FY2018 Form 10-K