APi Group Acquires Chubb Fire & Security Business from Carrier
January 3, 2022
APi Group Corporation has completed its acquisition of the Chubb fire and security business from Carrier Global Corporation for an enterprise value of $3.1 billion. The deal adds roughly 13,000 employees and extensive fire/security installation, monitoring and maintenance capabilities across 17 countries, strengthening APi's recurring-services life-safety platform and international footprint.
- Buyers
- APi Group Corporation
- Targets
- Chubb fire and security business
- Sellers
- Carrier Global Corporation
- Industry
- Industrial Services
- Location
- Surrey, United Kingdom
- Transaction Type
- Divestiture
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