---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-026540"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:35:23.150986+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 closes $570M acquisition of Elevated Facility Services, raises FY guidance

## Summary
- Acquired Elevated Facility Services Group for ~$570M from L Squared Capital Partners.
- Elevated expected to contribute ~$220M annual revenue at ~20% adjusted EBITDA margin; expands into $10B+ elevator/escalator market.
- FY2024 net revenue guidance raised to $7,150-$7,350M (from $7,050-$7,250M); adjusted EBITDA raised to $875-$925M.
- Interest expense guidance lowered to ~$145M; adjusted free cash flow conversion ~70% unchanged.
- Acquisition accelerates business mix shift to 60% of revenues from inspection, service, and monitoring.

## SEC filing metadata
- accession: 0001628280-24-026540
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828024026540/0001628280-24-026540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828024026540/apg-20240603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-026540
- JSON: https://secwatch.observer/filing/0001628280-24-026540.json
- Plain text: https://secwatch.observer/filing/0001628280-24-026540.txt

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