APi Group Completes Acquisition of Elevated Facility Services Group [Yahoo! Finance]
APi Group Corporation (APG)
Company Research
Source: Yahoo! Finance
-Accelerates business mix shift towards 60% of revenues from inspection, service, and monitoring- -Company raises full year guidance- NEW BRIGHTON, Minn., June 04, 2024 BUSINESS WIRE )--APi Group Corporation (NYSE: APG) ("APi" or the "Company") today announced that it has completed its previously announced acquisition of Elevated Facility Services Group ("Elevated") from a fund managed by L Squared Capital Partners for approximately $570 million. Headquartered in Tampa, Florida, Elevated has approximately 600 leaders and serves customers in over 18 states. Elevated is a premier provider of contractually based services for all major brands of elevator and escalator equipment. Elevated is expected to contribute approximately $220 million in annual revenue at an approximate 20% adjusted EBITDA margin. Russ Becker, APi's President and Chief Executive Officer stated: "Today we welcome our 600 new teammates to the APi family and begin our work leveraging the opportunities created b
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APG
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- APi Group Corporation (APG) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- APi Group Second Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
APG
Earnings
- 8/1/24 - Beat
APG
Sec Filings
- 9/27/24 - Form 4
- 9/4/24 - Form 4/A
- 9/4/24 - Form 4
- APG's page on the SEC website