---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-095538"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:00:39.752034+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APi Group acquires Elevated Facility Services for ~$570M; provides preliminary Q1 2024 guidance

## Summary
- Acquisition of elevator/escalator services provider Elevated for ~$570M cash; expected to close Q2 2024.
- Elevated adds ~$220M annual revenue, accretive to adjusted EPS, enhances EBITDA margin and free cash flow.
- Preliminary Q1 2024 net revenue $1.590-$1.610B, adjusted EBITDA $172-$177M, adjusted free cash flow ahead of prior year.
- Expands TAM by ~$10B, shifts business mix toward 60% recurring services; net leverage target under 2.5x.

## SEC filing metadata
- accession: 0001193125-24-095538
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000119312524095538/0001193125-24-095538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000119312524095538/d691934d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-095538
- JSON: https://secwatch.observer/filing/0001193125-24-095538.json
- Plain text: https://secwatch.observer/filing/0001193125-24-095538.txt

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