IRVING, Texas — Security integrator Everon, which provides commercial security, video, fire and life safety solutions, today announces it has entered into a definitive agreement to acquire the business-to-business (B2B) segments of the multifamily business from smart home and small business security provider ADT LLC.
The transaction is expected to close at the end of the third quarter of 2025, subject to customary closing conditions and regulatory approvals, according to the joint announcement.
Everon 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 announcement says.
Why Did Everon Acquire ADT’s Multi-Family Business?
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,” according to the joint announcement.
“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,” says Don Young, chief executive officer for Everon, in the announcement.
“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,” he says. “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.”
