---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-230264"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:29:52.576973+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# APi Group to acquire Chubb fire & security for $3.1B, funded with cash and $800M preferred equity

## Summary
- Enterprise value of $3.1B: $2.9B cash plus ~$200M assumed liabilities.
- Financed with $800M perpetual convertible preferred: $600M from Blackstone, $200M from Viking Global.
- Chubb had trailing 12-month revenue of ~$2.2B and adjusted EBITDA of ~$213M.
- Transaction expected to close around year-end 2021, subject to regulatory approvals and works council consultation.
- David Blitzer (Blackstone) will join APi board upon closing.

## SEC filing metadata
- accession: 0001193125-21-230264
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000119312521230264/0001193125-21-230264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000119312521230264/d146150d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-230264
- JSON: https://secwatch.observer/filing/0001193125-21-230264.json
- Plain text: https://secwatch.observer/filing/0001193125-21-230264.txt

## Key facts
- Executive change
  David Blitzer was elected as Series B Director at APi Group Corp.
  - Action: elected
  - Role: Series B Director
  source text: The Blackstone SPA provides that the Blackstone Purchasers’ initial nominee to serve as Series B Director is David Blitzer, and that Mr. Blitzer will be elected to the Board immediately following the issuance of the Series B Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1796209/000119312521230264/0001193125-21-230264-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.