ADT News

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

February 11, 2019 at 9:17 AM EST

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