{"id":230564,"date":"2025-09-16T05:20:20","date_gmt":"2025-09-16T05:20:20","guid":{"rendered":"https:\/\/www.europesays.com\/us\/230564\/"},"modified":"2025-09-16T05:20:20","modified_gmt":"2025-09-16T05:20:20","slug":"north-texas-security-provider-everon-to-acquire-b2b-multifamily-business-from-adt-in-55-million-deal-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/230564\/","title":{"rendered":"North Texas Security Provider Everon to Acquire B2B Multifamily Business from ADT in $55 Million Deal \u00bb Dallas Innovates"},"content":{"rendered":"

\"Known<\/p>\n

Known as the IO, Everon opened its Innovation and Operations HQ in Irving in 2024. [Photo: Everon]<\/p>\n

Irving-based Everon announced plans to acquire the multifamily business-to-business assets of ADT, extending the security company\u2019s reach across apartment, student, and military housing sectors. \u00a0<\/strong><\/p>\n

The $55 million acquisition<\/a> includes around 200,000 customer units, representing $2.6 million in monthly recurring revenue, MarketWatch reports. The deal is expected to close by the end of the third quarter.<\/p>\n

The move follows a 2023 transaction in which private equity firm GTCR acquired ADT\u2019s commercial division in a $1.6 billion deal<\/a> and rebranded it as Everon, forming a standalone company focused on fire, life safety, video surveillance, and integrated commercial security systems.<\/p>\n

Everon is a commercial security integrator that provides fire, video, and life safety solutions, the company said in a news release. It ranks as the third-largest security company in the U.S.<\/a>, according to SDM Magazine.<\/p>\n

The acquisition brings ADT\u2019s multifamily team and customer base under Everon, extending the company\u2019s services across a market known for steady demand and low turnover.<\/p>\n

Everon already provides fire and life safety services to multifamily clients nationwide. This acquisition adds capabilities in access control, video surveillance, and self-guided tour technologies\u2014all designed to integrate with leading property management platforms.<\/p>\n

Everon CEO Don Young called the move \u201ca natural progression\u201d in the company\u2019s growth strategy, expanding its reach in a high-value segment. He said the deal positions Everon to offer more to multifamily customers\u2014helping property owners and managers \u201cincrease net operating income, enhance security, and improve operational efficiency.\u201d<\/p>\n

Young, a longtime figure in the security and life safety business, was appointed CEO<\/a> earlier this year. His four-decade career has included leadership roles at SecurityLink, ASG Security, HSM, STANLEY Security, Protection 1, and ADT.<\/p>\n

The company said it supports more than 300,000 customer locations through a national network of over 100 branches and 5,000 employees, including 2,300 technicians. Its corporate offices and Innovation and Operations HQ\u2014opened in 2024\u2014are based in Irving.<\/p>\n

Quincy Preston contributed to this report.<\/p>\n

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