Exponent Poised to Acquire UK Division of ADT Alarm Company
The private equity firm Exponent is considering purchasing the UK division of ADT, a leading British residential security systems provider. Currently owned by Johnson Controls International (JCI), the division has attracted interest from multiple private equity bidders. The sale process is being managed by Citi’s bankers, according to industry sources.
Background on Exponent and ADT
Exponent has a history of owning prominent companies, including the Ambassador Theatre Group and Big Bus Tours. ADT, originally founded as American District Telegraph in 1874, has a significant presence in the global security market. Its international operations, separate from the US business listed in New York, are undergoing significant changes.
Details of the Potential Acquisition
- Exponent is one among several potential buyers exploring the acquisition of ADT’s UK operations.
- The sale could result in an estimated valuation of approximately £150 million for the UK division.
Other International Operations
Johnson Controls International (JCI) is also divesting other parts of ADT. In June, it announced the sale of its Mexican unit to Verisure. This security systems group recently went public in Stockholm, raising around £3 billion through a share sale as part of the transaction.
Market Implications
The sale of ADT’s UK division could have significant implications for the British residential security market and interested private equity firms. Both domestic and international strategies of existing players may be influenced by this potential acquisition.
