APi Group acquires Elevated Facility Services, reports Q1 preliminary results [Seeking Alpha]
APi Group Corporation (APG)
Company Research
Source: Seeking Alpha
escalator equipment, from a fund managed by L Squared Capital Partners for about $570 million in cash. Elevated's focus on the elevator and escalator services space complements APi's existing capabilities in life safety, fire protection and security, expanding APi's total addressable market by approximately $10 billion and creating a long-term cross-selling opportunity, the company said. The acquisition is expected to contribute ~$220 million in annual revenue and to be accretive to APi's “13/60/80” shareholder value creation framework driven by Elevated's EBITDA margin profile, ~70% of revenue from inspections, service and repair. Additionally, APi Group ( APG ) expects Q1 net revenues to range between $1.590 - $1.610 billion, compared to estimates of $ 1.59 billion. The company sees adjusted EBITDA between $172 - $177 million. Adjusted free cash flow is seen ahead of last year and in line with the seasonality of cash flow generation of our business. APi Group ( APG ) share
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News
- The National Fire Sprinkler Association's Class of 2024: Honoring Fire Sprinkler Industry Greats [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy APi Group (APG) Stock? [Yahoo! Finance]Yahoo! Finance
- APi Group Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- APi Group Non-GAAP EPS of $0.34 beats by $0.01, revenue of $1.6B in-line [Seeking Alpha]Seeking Alpha
- APi Group Reports First Quarter 2024 Financial ResultsBusiness Wire
APG
Earnings
- 5/2/24 - Beat
APG
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/29/24 - Form ARS
- APG's page on the SEC website