APi Group Enters New, Adjacent Service Market with Acquisition of Elevated Facility Services Group [Yahoo! Finance]
APi Group Corporation (APG)
Company Research
Source: Yahoo! Finance
-Enhances gross profit margin, adjusted EBITDA margin, adjusted free cash flow and creates opportunities for cross selling- -Accelerates business mix shift towards 60% of revenues from highly recurring inspection, service, and monitoring services- -Company provides preliminary first quarter 2024 results- NEW BRIGHTON, Minn., April 15, 2024 BUSINESS WIRE )--APi Group Corporation (NYSE: APG) ("APi" or the "Company") today announced that it has entered into a definitive agreement to acquire Elevated Facility Services Group ("Elevated"), a premier provider of contractually based services for all major brands of elevator and escalator equipment. Elevated will be acquired by APi from a fund managed by L Squared Capital Partners for approximately $570 million in cash, subject to working capital and other standard adjustments. The transaction will expand APi's position as a premier provider of safety services focused on non-discretionary, regulatory driven applications. Elevated's fo
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APG
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