Highest-materiality recent filing
APi Group Q2 net rev $2.25B (+13.3% YoY), adj EBITDA $311M (+14.3%), raises FY guidance
Record Q2 net revenues $2,254M, up 13.3% (10.1% organic); net income $99M (+28.6%).
APi Group closes WTech Fire acquisition, raises 2026 revenue and EBITDA guidance
Closed acquisition of WTech Fire Group on July 1, 2026; expected to add ~$175M annual revenue.
APi Group closes Onyx-Fire acquisition, raises full-year 2026 revenue and EBITDA guidance
Closed acquisition of Onyx-Fire Protection Services, a Canadian fire and life safety provider, on June 8, 2026.
APi Group closes $500M 5.75% notes due 2034; revolver upsized to $1B
Revolver commitments increased from $750M to $1.0B; maturity extended to May 14, 2031.
APi Group prices $500M 5.75% senior notes due 2034; also amending credit facility
Launched $500M senior unsecured notes offering, priced at 5.75% due 2034, at par.
APi Group reports record Q1 net revenues of $2.0B; raises FY2026 guidance
Net revenues $1,982M (+15.3% YoY); organic growth 10.4%; record quarter.
Record Q4 net revenues of $2,117M (+14% YoY, +11% organic); Q4 adj EBITDA $295M (+22%), margin 13.9% (+90 bps).
APi Group pre-announces 2025 beat; 2026 revenue guidance $8.4B-$8.6B, EBITDA $1.14B-$1.2B
2025 net revenue expected comfortably above $7,825M-$7,925M; adjusted EBITDA above $1,015M-$1,045M midpoint.
APi Group acquires CertaSite, reaffirms FY2025 guidance at or above midpoint
Acquisition of CertaSite, an inspection-first fire/life safety provider in the Midwest; expected close Q1 2026.
APi Group reports record Q3 revenue $2.1B (+14.2% YoY); raises full-year guidance
Record Q3 net revenues of $2,085M, up 14.2% YoY (organic +9.7%); net income $93M (+34.8%).
APi Group Q2 net rev $2.0B (+15% YoY); adj EBITDA $272M (+17.7%); raises FY outlook
Record Q2 net revenues $2.0B, +15% YoY (organic +8.3%); adjusted EBITDA margin 13.7% (+30bps).
APi Group sets new 2028 targets ($10B+ revenue, 16%+ margin) and 3-for-2 stock split
New 10/16/60+ framework: $10B+ net revenues, 16%+ adjusted EBITDA margin, 60%+ rev from inspection/service by 2028.
Shareholders approved amendment to increase authorized common stock from 500M to 1B shares (effective May 16, 2025).
APi Group posts record Q1 revenue $1.7B; raises FY2025 guidance, announces $1B buyback
Q1 total net revenue $1,719M (+7.4% YoY); organic growth 1.9%. Reported net income $35M.
APi Group reports record Q4 revenue $1.86B, net income up 168%; FY2025 guidance $7.3-7.5B revenue
Q4 net revenues $1,861M (+5.8% YoY); net income $67M (+168%); adjusted EBITDA $242M (+16.3%).
APi Group guides 2025 revenue $7.3-7.5B, adj. EBITDA $970-1,020M; reprices term loan
2024 net revenue expected above prior guide of ~$7B; adjusted EBITDA in-line with $890-900M range (pre-FX).
APi Group CFO Kevin Krumm resigns effective Dec 13; David Jackola named interim CFO
Kevin Krumm resigns as CFO effective December 13, 2024 to pursue another professional opportunity.
APi Group Q3 adjusted EBITDA record $245M; cuts FY revenue guidance to ~$7.0B
Net revenues $1.826B (+2.4% yoy), organic decline 0.2%; adjusted EBITDA $245M (+9.4%), margin 13.4%.
APi Group Q2 2024: Record net income $69M, adj EBITDA $231M, margin 13.4%; reaffirm FY guidance
Net revenues $1.73B (-2.3% reported, -3.1% organic); adjusted gross margin up 340 bps to 31.7%.
APi Group closes $570M acquisition of Elevated Facility Services, raises FY guidance
Acquired Elevated Facility Services Group for ~$570M from L Squared Capital Partners.
APi Group completes $2.26B term loan refinancing; margin cut by 50 bps, saves $12M/year
Issued ~$2,257M incremental term loans due 2029 to refinance $1,707M existing term loans, $330M term loans due 2026, and $100M revolver.
APi Group posts record Q1 net income of $45M (+73% YoY); acquires Elevated Facility Services Group
Net income $45M vs $26M YoY; adjusted EBITDA $175M (+19%); adjusted diluted EPS $0.34 vs $0.25.
APi Group prices 11M-share public offering at $37.50, expects $412.5M gross proceeds
Offered 11,000,000 shares at $37.50/share; gross proceeds ~$412.5M before discounts and expenses.
APi Group acquires Elevated Facility Services for ~$570M; provides preliminary Q1 2024 guidance
Acquisition of elevator/escalator services provider Elevated for ~$570M cash; expected to close Q2 2024.
Secondary offering upsized to 10,569,106 shares (plus 1,585,365 option exercised=12,154,471 total) at $34.25/share.
Full year net revenue $6,928M (+5.6%), net income $153M (+110% YoY), adjusted EBITDA $782M (+16.2%).
APi Group beats 2023 guidance, guides 2024 revenue $7.05-7.25B, EBITDA $855-905M
2023 net revenue and adjusted EBITDA expected above midpoint of $6,925M and $780M, respectively.
APi Group pays down $175M on Term Loan; $475M YTD, leverage target <2.5x
Paid down an additional $175M on Term Loan due 2026; $330M remains outstanding.
APi Group increases Chubb value capture target by 25% to $125 million
Run-rate value capture target raised from $100M to $125M; expects up to $125M total spend to achieve savings by year-end 2025.
APi Group Q3 net income +93% YoY to $54M; raises FY adjusted EBITDA guidance
Q3 net revenues $1.78B (+2.8% YoY); net income $54M vs $28M; diluted EPS $0.15 vs $0.06.
APi Group reprices ~$1.9B of term loans, extends ~$422M to 2029, reduces margins
Repriced Initial Term Loan ~$505M (matures Oct 1, 2026); Repriced 2021 Incremental ~$1,407M (matures Jan 3, 2029).
APi Group reprices term loans, saves $4M annually; extends $422M to 2029
Reduced applicable margin by 25 bps on Term Loans due 2026 and 2029, saving ~$4M annually.
APi Group sees high-single-digit organic growth in Q2; completes $35M bolt-on acquisition
Preliminary Q2 2023: expects high-single-digit organic net revenue growth, margin expansion, and free cash flow improvement.
APi Group posts record Q1 revenue $1.61B, net income $26M; raises FY guidance
Reported net revenue $1,614M (+9.7% YoY); organic net revenue growth 12.1%.
APi Group guides 2023 revenue $6.8-6.95B, EBITDA $735-775M; prelim 2022 at high end
Preliminary 2022 net revenue, adjusted EBITDA, and adjusted FCF expected at high end of Nov 3 guidance.
On and effective as of March 28, 2025, the Board of Directors of the Company approved the appointment of Mr. Jackola as the Company’s Executive Vice President and Chief Financial Officer.
the Company also announced that David Jackola will serve as Interim Chief Financial Officer upon Krumm’s departure and until a successor is named.
On November 22, 2024, APi Group Corporation (the “Company”) announced that Kevin Krumm, Executive Vice President and Chief Financial Officer, has resigned and will leave the Company effective December 13, 2024 to pursue another professional opportunity.
On February 28, 2024, David S. Blitzer, who was previously nominated by the Blackstone Parties as a member of the Company’s board of directors pursuant to the Blackstone Parties’ nomination right under the securities purchase agreement for the Series B Preferred Shares, resigned as a member of the Company’s board of directors effective as of February 28, 2024.
James Arseniadis, 39, the Company’s Vice President and Chief Accounting Officer, has been designated as the Company’s principal accounting officer effective August 2, 2022.
The Company also announced that Andrea M. Fike will be retiring from her role as the Company’s Senior Vice President, General Counsel and Secretary, effective July 24, 2022, to pursue other opportunities.
On July 19, 2022, APi Group Corporation (the “ Company ”) announced that effective July 25, 2022, Louis Lambert will serve as the Company’s new Senior Vice President, General Counsel and Secretary.
On March 28, 2022, APi Group Corporation (the “Company”) appointed Paula Loop to the Company’s Board of Directors (the “Board”), effective as of March 28, 2022.
On March 4, 2022, Andy Cebulla resigned from his position as Chief Accounting Officer of APi Group Corporation (the “ Company ”).
Glenn David Jackola, 42, has been promoted to Vice President, Controller and will also serve as interim Chief Accounting Officer effective March 8, 2022.
David S. Blitzer, was elected to the board of directors effective following the issuance of the Series B Preferred Stock and the closing of the Chubb Acquisition.
The Company also announced that Kevin Krumm, 47, will serve as the Company’s new Chief Financial Officer, effective as of September 20, 2021.
Max materiality 0.85 · Median 0.70 · Most common event earnings