Everon signs agreement to acquire multifamily business from ADT

Transaction expands leading commercial security provider's reach in B2B multifamily market, acquisition targeted to close at the end of the third quarter of 2025

IRVING, Texas, Sept. 15, 2025 /PRNewswire/ -- Everon ("Everon, LLC" or "The Company"), a leading security integrator and premier provider of commercial security, video, fire and life safety solutions ranked the third-largest security company in the U.S. by SDM Magazine, today announced that it has entered into a definitive agreement to acquire the business-to-business (B2B) segments of the multifamily business from ADT LLC, one of the most trusted brands in smart home and small business security. The transaction is expected to close at the end of the third quarter of 2025, subject to customary closing conditions and regulatory approvals.

Everon currently provides fire and life safety services to multifamily customers nationwide, making this acquisition a strategic extension of the company's current business and reinforcing its commitment to deliver comprehensive security solutions and quality service to a wide range of commercial customers. The acquisition will deepen Everon's value as a provider and partner as well as expand its ability to serve the broader B2B multifamily space by offering property owners and managers a tailored solutions portfolio, including access control, video surveillance, and self-guided tour capabilities to integrate with top property management software.

"This agreement marks a natural progression in the growth of our business and expands our reach in a valuable market with a traditionally low attrition rate," said Don Young, Chief Executive Officer for Everon. "The multifamily team brings incredible expertise to deliver a unique solution for property owners and managers that can help increase net operating income, enhance security, and improve operational efficiency. The completion of this acquisition will mean we can do even more for multifamily customers with industry-leading solutions and excellence in service delivery on a national scale."

For more information on Everon and their wide range of security solutions and services, please visit everonsolutions.com.

About Everon

Everon is a leading national integrator and premier service provider of commercial security, video, fire and life safety, ranked the third-largest security company in the U.S. by SDM Magazine. We support more than 300,000 customer locations, backed by our national strength, and over 5,000 employees, including 2,300 technicians, across more than 100 branches. Our company draws on an outstanding legacy of service excellence that is strengthened by our people's decades of industry expertise to emerge as an industry leader and customer service champion, protecting commercial property, people, and assets. Corporate offices and our Innovation & Operations headquarters (iO) are based in the Dallas area in Irving, Texas. For more information, please visit everonsolutions.com. Follow us on LinkedIn.

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SOURCE Everon, LLC