secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001193125-24-095538
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000119312524095538/0001193125-24-095538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000119312524095538/d691934d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-095538

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