APi Group Corporation

APi Group Expands Electronic Security Presence in North America and Provides Business Update

APi Group has closed its acquisition of Evergreen Fire and Security, a Tacoma, Washington-based systems integrator with more than 25 years of experience in electronic security and fire life safety services. Evergreen is expected to contribute approximately $55 million in annual revenue and be accretive to APi's "10/16/60+" shareholder value creation framework, expanding the electronic security capabilities of APi's North American safety business. In its business update, APi said it has deployed $1.7 billion of capital year-to-date, including $250 million of share repurchases with $750 million remaining under its authorization, and management expressed increased confidence in its third-quarter and full-year outlook.

•1mo ago

APG: 10-Q · periodic report

APi Group reported strong financial results for the second quarter of 2026, with net revenues increasing 13.3% year-over-year to $2,254 million and net income growing 28.6% to $99 million. The company's performance was driven by robust growth in both project and service revenues, pricing improvements, and contributions from recent acquisitions, resulting in a 30 basis point expansion in gross margin to 31.2%. The company actively deployed capital for strategic growth, completing the acquisitions of CertaSite and Onyx-Fire for $271 million and $522 million, respectively, during the quarter. Subsequent to the quarter end, APi Group announced the acquisition of WTech Fire Group for $394 million, further expanding its European footprint in fire safety solutions. Liquidity remains robust with total liquidity of $1,565 million as of June 30, 2026, comprising $851 million in cash and $714 million available under its revolver. The company also strengthened its financial flexibility during the quarter by upsizing its revolving credit facility to $1 billion and issuing $500 million in 5.750% Senior Notes due 2034.

SEC 10-Q•2mo ago

APi Group Reports Record Second Quarter 2026 Financial Results and Raises Full-Year 2026 Outlook

APi Group delivered record Q2 2026 results with net revenue of $2.25 billion, up 13.3% year-over-year, and adjusted EBITDA of $311 million, which grew 14.3% and expanded margins to 13.8%. Following a strong first half, the company raised its full-year 2026 guidance, projecting net revenues of $8.875 to $9.025 billion and adjusted EBITDA of $1.205 to $1.245 billion, exceeding prior targets set just weeks earlier. Management attributes the performance to robust growth in inspection and service revenues, disciplined project execution, and a record backlog exceeding $5 billion entering the second half of the year.

•2mo ago

APi Group Completes the Acquisition of WTech Fire Group and Updates 2026 Guidance

APi Group completed the acquisition of WTech Fire Group, a European provider of fire safety solutions expected to add approximately $175 million in annual revenue. Following the close, APi raised its full-year 2026 outlook, increasing net revenue guidance to a range of $8.66 billion to $8.86 billion and adjusted EBITDA to $1.177 billion to $1.237 billion. CEO Russ Becker noted that WTech brings a strong reputation and complementary capabilities that will enhance APi's international fire and life safety business.

•3mo ago

APi Group Completes Acquisition of Onyx-Fire Protection Services, Inc. And Updates 2026 Guidance

APi Group closed its acquisition of Onyx-Fire Protection Services, a leading Canadian fire and life safety provider, on June 8, 2026. The deal is expected to contribute approximately $190 million in annual revenue and is accretive to APi's EBITDA margin profile due to Onyx-Fire's asset-light business model. APi raised its full-year 2026 net revenue guidance to $8.575B-$8.775B and adjusted EBITDA guidance to $1.165B-$1.225B, reflecting the partial-year contribution from the new subsidiary.

•4mo ago

APi Group Debuts on the Fortune 500 List

APi Group has debuted on the Fortune 500 list, ranking No. 486 among the largest U.S. corporations by total revenue. The ranking is based on $7.9 billion in revenue for fiscal year 2025, reflecting consistent growth in its safety and specialty services platforms. CEO Russ Becker highlighted the milestone as a testament to the company's 100-year history and its strategy of building a durable, services-led business with a high-quality recurring revenue base.

•4mo ago

APG: 8-K · debt financing

APi Group Corp (APG) has completed a $500 million offering of 5.750% Senior Notes due 2034, raising significant capital for general corporate purposes including funding previously announced acquisitions. The notes are fully and unconditionally guaranteed by the parent company and rank equally with existing senior unsecured debt. Simultaneously, the company amended its credit agreement to increase its revolving credit facility from $750 million to $1.0 billion and extend the maturity of its term loan to May 2033. This amendment also extends the revolving credit facility maturity to May 2031 and increases the letter of credit sublimit to $300 million, providing enhanced financial flexibility. The transaction was underwritten by a consortium of major investment banks including J.P. Morgan, Citigroup, and Morgan Stanley. The proceeds and expanded credit capacity signal management's confidence in future growth and ability to service increased leverage.

SEC 8-K•5mo ago

APG: 10-Q · periodic report

APi Group reported strong first quarter 2026 results, with net revenues increasing 15.3% year-over-year to $1,982 million and net income rising 62.9% to $57 million. The growth was driven by solid performance in inspection and service revenues, contributions from recent acquisitions including CertaSite, and pricing improvements. Adjusted EBITDA increased 21.8% to $235 million, reflecting margin expansion across the Safety Services and Specialty Services segments. During the quarter, the company utilized $289 million in cash for acquisitions, including the $271 million purchase of CertaSite, ending the period with $645 million in cash and total liquidity of $1.39 billion. Subsequent to the quarter end, APi signed definitive agreements to acquire Wtech Fire Group for approximately €324 million and Onyx-Fire Protection Services for approximately C$725 million, signaling continued aggressive expansion in its core markets. The company did not repurchase any shares during the quarter, leaving approximately $1 billion remaining under its current authorization. APi remains in compliance with all debt covenants and reported no defaults on senior securities, maintaining a net leverage ratio of 1.3:1.0 as of March 31, 2026.

SEC 10-Q•5mo ago

APi Group Reports First Quarter 2026 Financial Results

APi Group reported record Q1 revenue of $2.0 billion, up 15.3% year-over-year, with 10.4% organic growth and adjusted EBITDA margin expansion of 70 basis points to 11.9%. Based on this strength, the company raised its full-year 2026 guidance, increasing revenue projections to $8.475B-$8.675B and adjusted EBITDA to $1.150B-$1.210B. Management also advanced its M&A strategy, closing the CertaSite acquisition and signing deals for Wtech and Onyx, representing a total investment of over $1 billion.

•5mo ago

APi Group to Acquire Onyx-Fire Protection Services Inc.

APi Group announced a definitive agreement to acquire Onyx-Fire Protection Services Inc., a Canada-based inspection-first fire and life safety provider, from funds managed by Blackstone Tactical Opportunities. Onyx-Fire is expected to contribute approximately $190 million in annual revenue and is accretive to APi's "10/16/60+" shareholder value creation strategy. The transaction, slated to close in the second quarter of 2026, adds 18 branches across Canada and aligns with APi's focus on recurring, regulatory-driven revenue streams.

•6mo ago