ADT

Chairman and CEO Jim DeVries has led ADT since 2018 and oversaw the portfolio refocus, Google and State Farm partnerships, and a pivot to shareholder returns while investing in platform upgrades. Execution shows discipline: debt reduction, swap management, predictable cash flow, and a clear net leverage target.

The team is pragmatic about acquisition versus build, with Origin AI fitting the product roadmap. We see alignment improving via sustained buybacks and a stable dividend policy. Key watch‑items are continued churn control, dealer channel quality, and maintaining service levels during tech platform migrations.