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.
Key figures
- Target annual revenue
- $190 million
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