Quick Take
ADT (ADT) announced it has acquired LifeShield for about $25 million.
LifeShield provides Do-It-Yourself [DIY] home security systems.
ADT seeks to leverage LifeShield’s technologies to provide ‘plug and protect’ capabilities to the 80% of U.S. homes it believes won’t opt for professionally installed security systems.
Target Company
Langhorne, Pennsylvania-based LifeShield was founded in 2004 to develop and market wireless DIY home security systems.
Management is headed by CEO John Owens, who has been with the firm since 2018 and was previously Chief Marketing Officer at J.G. Wentworth.
Below is an