Fire & Security
Fire protection, home security, and alarm monitoring
What PE Ownership Means for This Industry
40% fee increase
Apollo's ADT acquisition led to price increases and long-term contracts
After Apollo's $6.9B acquisition, ADT increased monitoring fees and imposed mandatory multi-year contracts with high early termination penalties.
Source: Consumer Reports, 2019
PE-Owned Brands
ADT
Owned by Apollo Global Management
Largest home security company in the US. Apollo acquired in 2016 for $6.9B, took public in 2018
3 locations tracked
ADT Security Services
Owned by Apollo Global Management
Apollo Global Management acquired ADT Security Services from Tyco International for $6.9B in 2012, taking it private. Apollo took ADT public in 2018 at an $11B valuation, having loaded it with $10B+ in debt. Customers and employees report high-pressure sales tactics and difficult contract cancellation processes.
0 locations tracked
Pye-Barker Fire & Safety
Largest PE-backed fire protection platform, aggressively acquiring local fire protection companies
9 locations tracked
Verisure
Owned by Hellman & Friedman
Hellman & Friedman acquired Verisure, Europe's largest home alarm company, in 2011. The company operates in 16 countries and has been criticized for aggressive door-to-door sales tactics and difficult contract cancellation terms.
0 locations tracked
Vivint Smart Home
Owned by The Blackstone Group
Smart home and security company, Blackstone-backed before NRG Energy acquisition
4 locations tracked