ADT Commercial announced that it will move forward as a standalone organization and rebrand as Everon, with the acquisition completion of ADT’s commercial security and fire segment to GTCR, a private equity firm.

“Introducing Everon to the industry as a standalone company is a huge milestone in our commercial organization’s journey,” said Dan Bresingham, chief executive officer. “The Everon brand communicates everything we’ve been focused on building for the last decade. We are excited to embark on this next chapter with our partners, GTCR.”