Public Company Industrial Services

APi Group

New Brighton, Minnesota, United States

Global market-leading business services provider of safety and specialty services delivering statutorily mandated and other contracted recurring services (fire and life safety, security, elevator/escalator, and specialty services) to long-standing customers across 500+ locations worldwide.

Focus Areas
Fire protection, Fire sprinkler and suppression, Fire detection
Website
apigroupinc.com

Tracked deals

5

5 tracked deals across 2022-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture

APi Group Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for APi Group. 1 2022 1 2024 1 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    APi Group Corporation
    Target
    Onyx-Fire Protection Services Inc.
    Seller
    Blackstone Tactical Opportunities (funds managed by)
    Location
    Ontario, Canada
    Type
    Buyout

    APi Group Corporation entered into a definitive agreement to acquire Onyx-Fire Protection Services Inc., an inspection-first provider of fire and life safety services in Canada, from funds managed by Blackstone Tactical Opportunities. The transaction was expected to close in the second quarter of 2026, subject to customary regulatory approvals, and APi later announced it closed the acquisition on June 8, 2026.

  • Buyer
    APi Group Corporation
    Target
    Wtech Fire Group
    Location
    Ireland
    Type
    Buyout

    APi Group Corporation has entered into a definitive agreement to acquire Wtech Fire Group, a Europe-focused fire protection, suppression, and detection solutions provider. The deal is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals, with Wtech CEO Ted Wright continuing to lead the business after closing.

  • Buyer
    APi Group
    Target
    Mid Atlantic Fire Protection
    Seller
    Mid Atlantic Fire Protection (co-owners/founders referenced: Todd Fain and David Reynolds)
    Type
    Buyout

    APi Group has acquired Mid Atlantic Fire Protection, a fire protection sprinkler systems design, installation, inspection and maintenance provider based in Virginia Beach. SC&H Capital advised Mid Atlantic Fire Protection in the sale to APi Group.

  • Buyer
    APi Group Corporation
    Target
    Elevated Facility Services
    Seller
    L Squared Capital Partners
    Type
    Buyout

    APi Group Corporation has entered into a definitive agreement to acquire Elevated Facility Services from L Squared Capital Partners. Elevated, a Tampa-based provider of elevator and escalator maintenance, repair, and modernization services with ~600 employees and operations in 22 states, is expected to close in Q2 2024, subject to customary conditions and regulatory approval.

  • Buyer
    APi Group Corporation
    Target
    Chubb fire and security business
    Seller
    Carrier Global Corporation
    Location
    Surrey, United Kingdom

    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.

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