DivestmentMay 11, 2026, 06:37 AM
Resideo Files Form 10 for ADI Spin-Off; Names Leadership & Boards
AI Summary
Resideo Technologies, Inc. announced the filing of its Form 10 registration statement for the planned spin-off of its ADI Global Distribution business, which is on track for completion between mid-third quarter and mid-fourth quarter of 2026. The company also named the leadership teams and Boards of Directors for both Resideo and the future independent ADI Global Distribution Inc. ADI reported approximately $4.8 billion in revenue and $318 million in Adjusted EBITDA for fiscal year 2025 on a carveout basis.
Key Highlights
- Resideo filed Form 10 for the spin-off of its ADI Global Distribution business, expected mid-Q3 to mid-Q4 2026.
- ADI Global Distribution reported FY2025 revenue of ~$4.8 billion and Adjusted EBITDA of $318 million.
- ADI expects to incur ~$1.0 billion in new funded debt, including a ~$900 million cash dividend to Resideo.
- Thomas Surran appointed President and CEO of Resideo; Robert Aarnes appointed President and CEO of ADI.
- Nathan Sleeper, Cynthia Hostetler, and Jay Geldmacher will resign from Resideo's board upon separation.
- Andrew Campelli and Thomas Surran appointed to Resideo's board; Michael Kaufmann named ADI Board Chairman.
- ADI's common stock is expected to be listed on the NYSE under the ticker symbol "ADIG".