ADT Inc., a pioneer brand in smart home and small business security, announced an agreement to acquire Sunpro Solar (Sunpro), ranked #2 for 2021 Top Residential Rooftop Solar Contractors in the U.S., for $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying a total enterprise value of approximately $825 million, subject to certain adjustments.
ADT will rebrand Sunpro to “ADT Solar™” and enter the rooftop solar business to offer ADT customers a protected, connected, and now powered home.
