Kirkland Represents GTCR on Acquisition of ADT’s Commercial Fire and Security Segment
Kirkland & Ellis is advising GTCR in its definitive agreement to acquire ADT’s Commercial fire and security segment (ADTC) from ADT Inc. (NYSE: ADT), a transaction that values the business at approximately $1.6 billion. ADTC is among the leading national providers of electronic security and fire safety services to commercial enterprises and multi-site national accounts. It was formed through ADT's 2017 merger with Protection 1 (P1), a prior GTCR investment. The transaction is expected to close in the fourth quarter of 2023 subject to customary regulatory approvals.
The Kirkland team was led by corporate partners Daniel Guerin, Kyle McHugh and Stephen Ritchie, and also included corporate associates Christopher Grady, Kate Kennedy, Katie Nagley, Andrew Zeller and Anna Grilley; debt finance partners Patrick Loughery and Thomas Dobleman and associates Alex Straka and Alex Bender; tax partners Mike Carew and Polina Liberman and associate Rory Minnis; executive compensation partner Michael Krasnovsky and associates Lauren Cates and Dillon Jones; employee benefits partner Alexandra Mihalas and associates Mackenzie Packard and Hannah Barlow; technology & IP transactions partners Seth Traxler, Aaron Lorber and Matthew Darch and associates John Poulos and Malia Taqbeem; employment and labor partner Sydney Jones and associates Jaime Wamble and Maayan Sachs; real estate partner Rob Miceli and associate Benjamin Stoyenko; environmental partner Carleigh Trappe-Rodriguez and associate Katie McKeen; litigation partner Aaron Marks; international trade & national security partners Mario Mancuso and Luci Hague and associate Chad Crowell; government contracts partner Boyd Greene; antitrust & competition partners Ian John, Jill Ross and Mike Thorpe and associates Catherine Kordestani and Ben Feis; transactional liability insurance partners Hayley Hollender and Jessica Sicsu; and investment funds partners Sean Malone, Mike Pergler and Katy Kim and associates Devon Salge and Zachary Scott Roemer.
