Irving, Texas, September 17, 2025
News Summary
Everon has announced its plans to acquire ADT’s multifamily business assets for $55 million. The deal includes approximately 200,000 customer units and aims to enhance Everon’s services in access control, video surveillance, and self-guided tour technologies for multifamily properties. The acquisition is part of Everon’s strategy to expand its commercial services and is expected to close by the end of the third quarter of 2025.
Irving, Texas — Everon announced plans to acquire ADT’s multifamily business-to-business assets in a $55 million transaction that includes approximately 200,000 customer units and represents $2.6 million in monthly recurring revenue. The deal is expected to close by the end of the third quarter of 2025.
Key details first
The acquisition transfers ADT’s multifamily team and customer base into Everon’s operations, expanding Everon’s footprint in the multifamily security market. The purchase price is $55 million, and the assets include about 200,000 customer units and recurring revenue that adds roughly $2.6 million per month to Everon’s business. The transaction is scheduled to be completed by the end of Q3 2025, subject to customary closing conditions.
What the deal will add to Everon
Everon will extend its existing multifamily offerings beyond its current fire and life safety services to include enhanced capabilities in access control, video surveillance, and self-guided tour technologies. These services are planned to integrate with leading property management platforms, enabling tighter operational workflows for apartment, student, and military housing operators. The acquisition is positioned to support efforts to increase net operating income for property owners, strengthen on-site security, and improve operational efficiency across multifamily portfolios.
Strategic rationale and scope
The deal is framed as part of Everon’s broader strategy to grow its commercial and multifamily business-to-business services. Multifamily properties are highlighted as a sector with steady demand and relatively low customer turnover, making the customer base a predictable source of recurring revenue. The acquisition brings the ADT multifamily team under Everon’s national operations and aims to scale both technology delivery and field service capabilities across varied housing segments.
Operational scale
Everon currently supports more than 300,000 customer locations through a national network of over 100 branches. The company employs roughly 5,000 people, including about 2,300 technicians. Everon opened an Innovation and Operations headquarters in Irving in 2024, signaling continued investment in technology and operational infrastructure.
Background and context
The transaction builds on a prior corporate change: in 2023, private equity firm GTCR acquired ADT’s commercial division for $1.6 billion and rebranded it as Everon. Everon focuses on commercial safety and security products and services, including fire and life safety systems, video surveillance, and integrated commercial security systems. Industry rankings place Everon as the third-largest security company in the United States, reflecting the company’s market position following GTCR’s acquisition and subsequent expansion activities.
Leadership and execution
Everon named a new chief executive earlier this year with four decades of experience in the security and life safety sector. Company leadership characterizes the acquisition as a natural progression in Everon’s growth strategy and as a way to broaden services to multifamily customers, enhance operational efficiency, and support property revenue objectives.
Timing and integration
With an expected close by the end of Q3 2025, integration planning will include onboarding ADT’s multifamily personnel, aligning product and service offerings, and connecting new technologies with property management platforms. Everon already provides fire and life safety services to multifamily clients nationwide, which management says will support a smoother integration of the newly acquired multifamily assets and technologies.
Market implications
The acquisition reinforces consolidation trends in the commercial security sector, where larger providers acquire specialized business lines to broaden recurring revenue streams and expand technological capabilities. The multifamily segment’s predictable revenue characteristics make it an attractive target for companies seeking stable B2B contracts tied to property management operations.
Frequently asked questions
What is being acquired?
Everon is acquiring ADT’s multifamily business-to-business assets, including the multifamily team and a customer base of approximately 200,000 units.
How much is the acquisition worth?
The transaction is valued at $55 million and includes about $2.6 million in monthly recurring revenue.
When will the deal close?
The acquisition is expected to close by the end of the third quarter of 2025, subject to customary closing conditions.
What services will be added or expanded?
Everon plans to expand access control, video surveillance, and self-guided tour technologies for multifamily properties and integrate those services with property management platforms.
How does this fit Everon’s strategy?
The acquisition is intended to grow Everon’s multifamily business, increase recurring revenue, enhance service offerings, and leverage national operations and field service capacity.
How large is Everon now?
Everon supports over 300,000 customer locations, operates more than 100 branches, and employs around 5,000 people, including 2,300 technicians.
Key metrics and features
| Feature | Value | Relative scale |
|---|---|---|
| Acquisition price | $55 million |
|
| Customer units acquired | ~200,000 units |
|
| Monthly recurring revenue | $2.6 million |
|
| Existing supported locations | 300,000+ |
|
| Employees | ~5,000 (2,300 technicians) |
|
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Additional Resources
- Dallas Innovates: Everon to Acquire B2B Multifamily Business from ADT in $55 Million Deal
- Security Systems News: ADT Completes Sale of Commercial Division; Rebrands to Everon
- Security Systems News: Everon’s Momentum is Real, Says CEO Dan Bresingham
- Wikipedia: Security Industry
- Google Search: Everon Acquisition ADT
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