SCHEDULE 13G/A: Apollo-Affiliated Entities Maintain Significant Stake in ADT Inc., Holding 42.9% of Common Stock

An amended Schedule 13G filing reveals that Apollo-affiliated entities collectively maintain a substantial 42.9% beneficial ownership in ADT Inc., totaling over 359 million shares.

Summary

• Apollo Management Holdings GP, LLC and its affiliated entities, including Prime Security Services TopCo (ML), L.P. and Prime Security Services TopCo (ML II), L.P., collectively reported beneficial ownership of 359,150,366 shares of ADT Inc. Common Stock.
• This aggregate beneficial ownership represents 42.9% of ADT Inc.'s outstanding Common Stock.
• Prime Security Services TopCo (ML), L.P. directly holds 335,608,089 shares, accounting for 40.1% of the class.
• Prime Security Services TopCo (ML II), L.P. directly holds 23,542,277 shares, representing 2.8% of the class.
• The percentage amounts are based on 836,268,869 shares of Common Stock outstanding as of October 30, 2024, as reported by ADT Inc. in its prospectus supplement and Form 8-K filed on that date.
• All reporting persons, including various Apollo management entities and individuals like Marc Rowan, Scott Kleinman, and James Zelter, disclaim beneficial ownership of the reported shares, stating the filing should not be construed as an admission of beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a factual report of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook. It is a routine regulatory filing.

Future Outlook

NA

Industry Context

This filing reflects the continued significant investment and influence of Apollo-affiliated entities within the security services industry, specifically concerning ADT Inc., a major player in residential and business security solutions. Such substantial ownership by a private equity firm often indicates a long-term strategic interest in the company's direction and market position.

Stakeholder Impact

• Shareholders: The significant beneficial ownership by Apollo-affiliated entities indicates a concentrated ownership structure, which can influence corporate governance and strategic decisions. The disclaimer of beneficial ownership by certain individuals and entities is a standard legal practice in such filings.

Key Dates

Keywords

ADT Inc., Apollo Management, Beneficial Ownership, Schedule 13G, Common Stock, Security Services, Investment Holdings, Institutional Ownership