ADT acquires Langhorne-based LifeShield

Tom Paine


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ADT has acquired LifeShield, the Langhorne-based DIY home security systems company, for about $25 million.

LifeShield, founded in 2004 and a pioneer in DIY home security, has been passed around frequently recently. It was acquired by DirecTV in 2013, and went with DirecTV to AT&T after that acquisition in 2015. At&T had no plan for it, and it floundered there, I understand.

It was sold back to former CEO Michael Hagan (also ex-Verticalnet, Nutrisystem) and his Hawk Capital Partners in 2017.

“As more consumers look for real protection solutions that only ADT can provide, we look for companies that share our passion for security, customer service, and innovation,” said ADT President and CEO Jim DeVries, in a press release . “We are confident that LifeShield’s capabilities and approach, combined with the brand and scale of ADT, will create an opportunity for us to offer our services to a broader cross-section of U.S. households. Together with LifeShield we will be positioned to offer more solutions to a broader base of customers and create increased value for our shareholders as we seek to grow profitability through expanded, yet focused offerings.”

LifeShield recently introduced a video doorbell, and a Google Assistant toolkit.

John Owens will continue to lead LifeShield, and Hagan will serve as an advisor.