APi Group Corp

NYSE:APGUnited States

Jun 4, 2024

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• APi Group Completes Acquisition of Elevated Facility Services Group; Raises 2024 Revenue Outlook, from 8:08AM ET on Tuesday Jun 04, 2024 by MT Newswires

  8:08AM ET on Tuesday Jun 04, 2024 by MT Newswires
  Companies Mentioned: APG
  08:08 AM EDT, 06/04/2024 (MT Newswires) -- APi Group (APG) said Tuesday that it has completed its $570 million acquisition of Elevated Facility Services Group from a fund managed by L Squared Capital Partners. Elevated is expected to contribute $220...

• APi Group Completes Acquisition of Elevated Facility Services Group, from 7:30AM ET on Tuesday Jun 04, 2024 by Business Wire

  7:30AM ET on Tuesday Jun 04, 2024 by Business Wire
  Companies Mentioned: APG

  ---Accelerates business mix shift towards 60% of revenues from inspection, service, and monitoring-

  ---Company raises full year guidance-

  APi Group Corporation (NYSE: APG) ("APi" or the "Company") today announced that it has completed its previously announced acquisition of Elevated Facility Services Group ("Elevated") from a fund managed by L Squared Capital Partners for approximately $570 million.

• Press Release: APi Group Completes Acquisition of Elevated Facility Services Group, from 7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones

  7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones
  Companies Mentioned: APG

• APi Group Completes Acquisition of Elevated Facility Services Group, from 7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones

  7:30AM ET on Tuesday Jun 04, 2024 by Dow Jones
  Companies Mentioned: APG
  
  These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) economic conditions, competition, political risks, and other risks that may affect the Company's future performance, including the impacts of inflationary pressures and other macroeconomic factors on the Company's business, markets, supply chain, customers and workforce, on the credit and financial markets, on the alignment of expenses and revenues and on the global economy generally;(ii) failure to realize the anticipated benefits of the acquisition of Elevated and its ability to successfully execute the Company's bolt-on acquisition strategy to acquire other businesses and successfully integrate them into its operations; (iii) changes in applicable laws or regulations; (iv) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (v) other risks and uncertainties, including those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 under the heading "Risk Factors." Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. Additional information concerning these risks, uncertainties and other factors that could cause actual results to vary is, or will be, included in the periodic and other reports filed by the Company with the Securities and Exchange Commission. Forward-looking statements included in this press release speak only as of the date hereof and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or circumstances after the date.