M&A Deal Summary

ADT Acquires ADT Solar

On December 9, 2021, ADT acquired renewable energy company ADT Solar from TGP Investments

Acquisition Highlights
  • This is ADT’s 2nd transaction in the Renewable Energy sector.
  • This is ADT’s 21st transaction in the United States.
  • This is ADT’s 2nd transaction in Louisiana.

M&A Deal Summary

Date 2021-12-09
Target ADT Solar
Sector Renewable Energy
Buyer(s) ADT
Sellers(s) TGP Investments
Deal Type Add-on Acquisition

Target

ADT Solar

Mandeville, Louisiana, United States
ADT Solar is a marketer and installer of residential solar systems and related products. ADT Solar is based in Mandeville, Louisiana.

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Buyer(S) 1

Buyer

ADT

Boca Raton, Florida, United States

Category Company
Founded 1874
Sector Safety/Security
Employees12,800
Revenue 4.9B USD (2024)
DESCRIPTION
ADT's corporate headquarters in Boca Raton, Florida.
ADT's corporate headquarters in Boca Raton, Florida.

ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was founded in 1874 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 24 of 24
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 22 of 22
State: Louisiana M&A 2 of 2
Country: United States M&A 21 of 21
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Sunpro

Mandeville, Louisiana, United States

Sunpro is a provider of rooftop solar systems in the United States. Sunpro markets, designs, sells, installs, and maintains solar power systems on residential and commercial properties through their 3,600-person, full-time workforce of solar energy professionals with 56 locations in 22 states. Sunpro was founded in 2008 and is based in Mandeville, Louisiana.

Buy $825M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Datashield

Scottsdale, Arizona, United States

Datashield is a provider of cyber security solutions in conjunction with managed detection and response services across all industries including healthcare, financial services, manufacturing, energy, legal, and many more. Datashield provides cybersecurity solutions in conjunction with managed detection and response services across all industries, including healthcare, financial services, manufacturing, energy, legal, and many more. Datashield was founded in 2009 and is based in Scottsdale, Arizona.

Sell -

Seller(S) 1

SELLER

TGP Investments

Kansas City, Missouri, United States

Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 57M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TGP Capital Partners is a private equity fund that makes middle-market investments in profitable, growing companies. TGP primarily targets opportunities located in the Midwest US. TGP will consider both control and minority investments in manufacturing and business service companies with annual revenues of $15 to $50 million. Prospective transaction situations include industry consolidations, management buyouts, acquisitions, and growth financings. The fund is managed by TGP Investments, a Kansas City, Missouri based merchant bank.


DEAL STATS #
Overall 5 of 8
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 4
State: Louisiana M&A 2 of 2
Country: United States M&A 5 of 8
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Sunpro

Mandeville, Louisiana, United States

Sunpro is a provider of rooftop solar systems in the United States. Sunpro markets, designs, sells, installs, and maintains solar power systems on residential and commercial properties through their 3,600-person, full-time workforce of solar energy professionals with 56 locations in 22 states. Sunpro was founded in 2008 and is based in Mandeville, Louisiana.

Sell $825M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 APSCO

Tulsa, Oklahoma, United States

APSCO is a designer, manufacturer, and sells pneumatic and hydraulic valves, cylinders, actuators, and control systems for the heavy-duty truck equipment markets. Air Power Systems products are used in a variety of end markets, including construction, oil & gas, waste and recycling, fluid power, utility and snow, and ice removal. APSCO was founded in 1964 and is based in Tulsa, Oklahoma.

Sell -