This Research Note examines the latest divestment ofJohnson Controls: the ADT UK residential security monitoring business is being sold to Intelligent Monitoring Group (IMG), a security services provider across Australia and New Zealand. We highlight the transaction details and strategic rationale before commenting on the overall divestment strategy in Johnson Controls fire and security businesses. ADT UK Transaction Details IMG announced the sale on 2nd July 2026 in a press release and investor presentation announcing their entry into the growing UK residential security market. The total consideration of the transaction is £180 million, comprising £155 million in cash and £25 million of IMG shares to Johnson Controls International. Last 12 months revenue at July 2025 of ADT Residential Security was reported by IMG as £87 million, implying an enterprise value/sales multiple of 2.1. The acquisition price represents an enterprise value (EV)/FY26 EBITDA multiple of 4.2. Completion of the transaction is expected in the first half […]