Merger • Safety/Security

Tyco International Acquires ADT

On March 18, 1997, Tyco International acquired safety/security company ADT for 5.4B USD

Acquisition Context
  • This is Tyco International’s 1st transaction in the Safety/Security sector.
  • This is Tyco International’s 2nd largest (disclosed) transaction.
  • This is Tyco International’s 3rd transaction in the United States.
  • This is Tyco International’s 1st transaction in Florida.
Investment Fate
  • ADT was sold to a strategic buyer in 2012.
  • ADT was sold to a consortium of financial buyers in 2016 for 15.0B USD.
  • ADT went public in 2018.

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M&A Deal Summary

Date March 18, 1997
Target ADT
Sector Safety/Security
Buyer(s) Tyco International
Deal Type Merger
Deal Value 5.4B USD

Target Company

ADT

Boca Raton, Florida, United States
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.
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Buyer Overview 1

Buyer

Tyco International

Mahon, Ireland

Category Company
Founded 1960
Sector Safety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.


Deal Context for Buyer #
Overall 3 of 32
Sector: Safety/Security 1 of 8
Type: Merger 1 of 2
State: Florida 1 of 4
Country: United States 3 of 27
Year: 1997 1 of 1
Size (of disclosed) 2 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-30 ElectroStar

Logan, Utah, United States

ElectroStar, Inc. is a manufacturer of complex rigid printed circuit boards used in sophisticated electronic equipment.

Buy $106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-03 Sigma Circuits

Santa Clara, California, United States

Sigma Circuits, Inc., is a manufacturer of electronic interconnect products, including multilayer rigid printed circuit boards, backplane assemblies and subassemblies and flexible circuits.

Buy $58M