ADT ACQUIRES Do-it-Yourself (“DIY”) HOME security provider LIFESHIELD | Newsroom | ADT
  • Home
  • Business
  • Health
  • Current Customers
     
      • Login
        • MyADT
        • ADT Pulse
      • Help Center
        • Upgrade to ADT Pulse
          • Home
          • Business
        • Customer Specials
          • Home
          • Business
          • Health
        • Safety Center
          • Home
          • Business
        • Contact ADT
        • Resources
          • Media Contacts
          • Fact Sheets
        • About Us
          • About Us
          • Executive Leadership
          • Our Responsibility
          • Corporate Governance
          • Privacy Policy
        • Multimedia
          • Video Gallery
          • Image Library
          • ADT Pulse Demo
        • News
          • Press Releases
          • In the News
          • Event Calendar
        • Newsroom
        • HOME
          • Overview
            • Back
          • Features
            • Back
            • FEATURES OVERVIEW
            • Live Video
            • Locks
            • Temperature
            • Flood
            • Modes
            • Burglary
            • Lights
            • Carbon Monoxide
            • Remote Arm/Disarm
            • Fire
            • Voice
            • Garage Door
          • Compare
            • Back
          • Reviews
            • Back
          • Specials
            • Back
        • BUSINESS
          • Overview
            • Back
          • Features
            • Back
            • FEATURES OVERVIEW
            • Burglary Monitoring
            • Remote Access
            • Remote Arm & Disarm
            • Event History
            • Interactive Video
            • Climate Control
            • Custom Settings
            • Small Appliance Management
            • Lighting Control
            • Video Surveillance and Storage
            • Access Control
            • Flood Detection
            • Temperature Monitoring
            • Hold-Up Alarm Monitoring
            • Fire Alarm Monitoring
          • Compare
            • Back
          • Specials
            • Back
        • HEALTH
          • Overview
            • Back
          • Features
            • Back
          • Products
            • Back
            • PRODUCTS
            • Medical Alert Basic
            • Medical Alert Plus
            • On-The-Go Emergency Response
          • Specials
            • Back
        • CURRENT CUSTOMER
          • MyADT LOGIN
            • Back
          • ADT PULSE LOGIN
            • Back
          • HELP CENTER
            • Back
          • UPGRADE TO ADT PULSE - HOME
            • Back
          • UPGRADE TO ADT PULSE - BUSINESS
            • Back
          • CUSTOMER SPECIALS - HOME
            • Back
          • CUSTOMER SPECIALS - BUSINESS
            • Back
          • CUSTOMER SPECIALS - HEALTH
            • Back
          • SAFETY CENTER - HOME
            • Back
          • SAFETY CENTER - BUSINESS
            • Back
          • CONTACT ADT
            • Back
        Support
        • Resources
          • Media Contacts
          • Fact Sheets
        • About Us
          • About Us
          • Executive Leadership
          • Our Responsibility
          • Corporate Governance
          • Privacy Policy
        • Multimedia
          • Video Gallery
          • Image Library
          • ADT Pulse Demo
        • News
          • Press Releases
          • In the News
          • Event Calendar
        • Newsroom
        Newsroom
        News
        Multimedia
        About Us
        Resources
        • Press Releases
        • In the News
        • Event Calendar

        ADT ACQUIRES Do-it-Yourself (“DIY”) HOME security provider LIFESHIELD

        << Back
        Printer Friendly Version View printer-friendly version

        Builds Company’s Growing  Platform in the DIY Home Security Segment

        Further Enhances Ability  to Meet the Security Needs of Consumers

         

        BOCA  RATON, Fla., February 11, 2019 - ADT Inc.  (NYSE: ADT), a leading provider of monitored security and interactive  home and business automation solutions in the United States and Canada, today announced that it has acquired LifeShield, LLC, a  pioneer in advanced wireless home security systems, in a transaction valued at  approximately $25 million. John Owens will  continue in his current capacity leading the LifeShield team. 

        Founded in 2004, LifeShield was  the first to bring a wireless DIY home security offering to the residential  market. Over the past 15 years, LifeShield has further redefined residential home  security, improving interactivity, advancing video capabilities and enhancing the  overall user experience. 

        The addition of LifeShield’s innovative technology  to ADT’s leading security and automation solutions and expertise increases ADT’s ability to address the approximately 80% of U.S.  households who do not have professionally installed and monitored home security.

        “As more consumers look for real protection solutions that only  ADT can provide, we look for companies that share our passion for security,  customer service, and innovation,” said ADT President and CEO Jim DeVries. “We  are confident that LifeShield’s capabilities and approach, combined with the  brand and scale of ADT, will create an opportunity for us to offer our  services to a broader cross-section of U.S. households. Together with  LifeShield we will be positioned to offer more solutions to a broader base of  customers and create increased value for our shareholders as we seek to grow  profitability through expanded, yet focused offerings.”

        “This combination unites the passion and commitment of two  organizations that are focused on security,” said Mike Hagan, LifeShield  Chairman, who will continue as an advisor. “Leveraging ADT’s  significant experience integrating products, we look forward to working  together to ensure a seamless transition and capitalize on the attractive  market opportunities in the DIY segment. Together we will continue to advance  our strategy to deliver the best security solutions to our customers at every  stage of their lives.”

        About ADT
         
          ADT is a leading provider of monitored security and interactive home and  business automation solutions in the United States and Canada. Making security  more accessible than ever before, and backed by 24/7 customer support, ADT is  committed to providing superior customer service with a focus on speed and  quality of responsiveness, helping customers feel safer and empowered. ADT is  headquartered in Boca Raton, Florida and employs approximately 19,000 people  throughout North America.

        About  LifeShield

        LifeShield was the first national, professional grade  and professionally monitored wireless home security system to use an easy to  set up “plug and protect” process, providing superior home security and the  best value in home security. LifeShield  was acquired by an affiliate of Hawk Capital Partners LP in 2017.

         

        Advisors

        Morgan Lewis acted as legal advisor to LifeShield and TCF Law Group acted as  legal advisor to ADT. Raymond James served as financial advisor on the  transaction.

         

        FORWARD-LOOKING  STATEMENTS 

        ADT has made statements in this press release and  other reports, filings, and other public written and verbal announcements that  are forward-looking and therefore subject to risks and uncertainties. All  statements, other than statements of historical fact, included in this document  are, or could be, "forward-looking statements" within the meaning of  the Private Securities Litigation Reform Act of 1995 and are made in reliance  on the safe harbor protections provided thereunder. These forward-looking  statements relate to anticipated financial performance, management's plans and  objectives for future operations, business prospects, outcome of regulatory  proceedings, market conditions and other matters. Any forward-looking statement  made in this press release speaks only as of the date on which it is made. ADT  undertakes no obligation to publicly update or revise any forward-looking  statement, whether as a result of new information, future developments or  otherwise. Forward-looking statements in this press release include statements  regarding future growth and opportunities in the DIY market, seamless transition  of LifeShield into the ADT organization and other statements that can be  identified by various words such as "expects," "intends,"  "will," "anticipates," "believes,"  "confident," "continue," "propose,"  "seeks," "could," "may," "should,"  "estimates," "forecasts," "might,"  "goals," "objectives," "targets,"  "planned," "projects," and similar expressions. These  forward-looking statements are based on management's current beliefs and  assumptions and on information currently available to management. ADT cautions  that these statements are subject to risks and uncertainties, many of which are  outside of ADT's control, and could cause future events or results to be  materially different from those stated or implied in this document, including  among others, risk factors that are described in the Company's Annual Report on  Form 10-K and other filings with the Securities and Exchange Commission ,  including the sections entitled "Risk Factors" and "Management's  Discussion and Analysis of Financial Condition and Results of Operations"  contained therein.

        Contact
        Investor  Relations:
        Jason Smith – ADT
        investorrelations@adt.com

        Media  Relations:
         Mónica Talán - ADT                                         
         mtalan@adt.com

        Print Page    E-mail Page    RSS Feeds    E-mail Alerts 
        • HOME
        • Home Security
        • Home Automation
        • Features
        • Compare
        • Specials
        • Safety Center
        • BUSINESS
        • Small Business
        • Medium Business
        • Features
        • Compare
        • Specials
        • Safety Center
        • HEALTH
        • Medical Alerts Basic
        • Medical Alerts Plus
        • On-The-Go Emergency Response
        • Features
        • Products
        • Specials
        • CURRENT CUSTOMERS
        • Login : MyADT | ADT Pulse
        • Call Us :
        • HELP CENTER
        • COMPANY
        • About Us
        • Contact Us
        • Newsroom
        • Careers
        • Investor Relations
        • Dealer Programs
        • Dealer Lookup
        • EXPLORE
        • Home
        • Business
        • Health
        • SUPPORT
        • MyADT
        • ADT Pulse
        • Call Us : 800.453.9841

        • SAFETY CENTER
        • For Home
        • For Business
        • HELP CENTER
        • COMPANY
        • About Us
        • Contact Us
        • Newsroom
        • Careers
        • Investors Relations
        • Dealer Programs
        • Dealer Lookup
        Trust Logo
        Trust Logo
        Trust Logo
        • Terms and conditions
        • Privacy policy
        • En español
        • Legal
        • Office locator
        • Interest based ads
        • Terms of use
        • Licenses
        • Social media
        • Terms and Conditions
        • Privacy Policy
        • En Español
        • Legal
        • Office Locator
        • Interest Based Ads
        • Terms of Use
        • Licenses
        • Social Media

        © ADT LLC dba ADT Security Services. All rights reserved. ADT, the ADT logo, ADT Always There and 800.ADT.ASAP FREE and the product/service names listed in this document are marks and/or registered marks. Third party marks are the property of their respective owners.