ADT Invests in Solar Market By Acquiring Sunpro Solar for $825M
Sunpro Solar will be rebranded as ADT Solar, with the ultimate goal of providing ADT customers with a protected, connected and now powered home.
www.cepro.com
ADT Inc. (NYSE: ADT) announces it has signed an agreement to acquire Sunpro Solar, ranked #2 by Solar Power World for 2021 Top Residential Rooftop Solar Contractors in the U.S., for $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying a total enterprise value of $825 M.