GTCR, a private equity firm, has closed its acquisition of ADT’s commercial security, fire and life safety security business.

Moving forward, ADT Commercial will be a standalone organization and rebranded to Everon.

Dan Bresingham, former leader of ADT’s commercial security, fire and life safety business, will become Chief Executive Officer of Everon and Tim Whall will serve as an active Director on the company’s Board.

Expansion in the market

According to the company, the new Everon brand reflects its “go-forward” strategy as an independent company, rooted in the team’s dedication to customer service, deep expertise and focus on innovation to adapt to the evolving security, fire and life safety needs of its commercial environments.

“The team at Everon has a clear roadmap for the company’s future as an independent organization and we look forward to partnering with leadership to help them realize their vision,” said David Donnini, Managing Director and Head of Business & Consumer Services at GTCR.

“We are excited to work with GTCR under a brand that reflects our decades of experience protecting people, property and assets across industries,” said Bresingham.

“Everon is the trusted provider that customers have come to rely on. We are always ‘on’.

“We are focused on sustained growth and providing the highest quality support and most advanced capabilities to the customers who trust us.”