Welcome to our dedicated page for Api Group news (Ticker: APG), a resource for investors and traders seeking the latest updates and insights on Api Group stock.
APi Group Corporation (NYSE: APG) is a global business services provider focused on fire and life safety, security, elevator and escalator, and specialty services, and its news flow reflects this mix. Company updates frequently highlight developments in its Safety Services and Specialty Services segments, recurring inspection and service activities, and capital allocation decisions.
News about APi often centers on financial results and guidance. The company regularly issues quarterly earnings releases that discuss net revenues, segment performance, adjusted EBITDA, and organic net revenue growth, as well as updates to full-year outlooks. These releases also describe trends in recurring inspection, service, and monitoring revenues, project activity, and margin dynamics across Safety Services and Specialty Services.
Another key theme in APi’s news is acquisition and growth activity. The company has announced agreements such as the planned acquisition of CertaSite, an inspection-first provider of fire and life safety services in the Midwest region, which APi describes as aligned with its inspection-first strategy and recurring revenue focus. News items may also reference bolt-on acquisitions and the role of M&A in supporting APi’s long-term financial framework.
Investors following APG news will also see capital markets and shareholder-related announcements, including information on stock splits, stock dividends related to preferred shares, and responses to unsolicited mini-tender offers. In addition, APi issues releases about participation in investor conferences and the timing of upcoming earnings calls, providing access details for webcasts and replays.
This news page aggregates these types of updates so readers can review earnings releases, acquisition announcements, conference participation notices, and other corporate communications related to APi Group Corporation in one place.
APi Group Corporation (NYSE: APG) announced its subsidiary, APi Escrow Corp., plans to offer $300 million in Senior Notes due 2029 in a private offering. The net proceeds will help finance the acquisition of Chubb Limited, expected to close around year-end 2021. If the acquisition does not close by October 27, 2022, the notes will be redeemed at a special mandatory redemption price. The offering is aimed at qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
APi Group Corporation (NYSE: APG) closed its public offering of 22,716,049 shares at $20.25 per share, raising approximately $460 million. This includes the underwriters' full exercise of their option for additional shares. APi plans to use the proceeds for general corporate purposes, such as acquisitions and capital expenditures. The offering was managed by Citigroup and Barclays, among others. The registration statement was effective as of May 21, 2021. This offering is part of APi's ongoing strategy to strengthen its market position.
APi Group Corporation (NYSE: APG) has priced an underwritten public offering of 19,753,087 shares of its common stock at $20.25 per share, generating approximately $400 million in gross proceeds. The offering includes a 30-day option for underwriters to purchase an additional 2,962,962 shares. Funds raised will support general corporate purposes, including possible acquisitions and working capital, with the transaction expected to close around September 17, 2021.
APi Group Corporation (NYSE: APG) has launched an underwritten public offering of $400 million in common stock, with a 30-day option for underwriters to purchase more shares. The proceeds will be utilized for general corporate purposes, including potential acquisitions and capital expenditures. The offering's size and completion depend on market conditions. Citigroup and Barclays are the joint book-running managers, with several other financial institutions also involved. The offering follows a previously filed shelf registration statement with the SEC.
APi Group Corporation (NYSE: APG) has announced a transition in its financial leadership, with
APi Group Corporation (NYSE: APG) reported Q2 2021 net revenues of $978 million, a 10% increase from $889 million year-over-year. Adjusted net revenues rose 15.2% to the same amount, driven by market recoveries and acquisitions. Gross margin improved to 23.7%, up 415 basis points, despite supply chain disruptions. However, net income declined to $21 million from $36 million, influenced by a $9 million debt extinguishment loss. The Company expects ongoing supply chain challenges but anticipates significant growth from the planned acquisition of Chubb, aiming for increased service-based revenue.
APi Group Corporation (NYSE: APG) will release its Q2 2021 financial results on August 11, 2021, before the market opens. A conference call is scheduled for 8:30 a.m. ET the same day, featuring CEO Russ Becker, CFO Tom Lydon, and Co-Chairs James E. Lillie and Sir Martin E. Franklin. Investors can participate by dialing 877-876-9173 or via the provided webcast link. APi is a leading provider of safety and industrial services in over 200 locations across North America and Europe, serving a strong customer base.
APi Group Corporation (NYSE: APG) announced its definitive agreement to acquire Chubb Fire & Security Business from Carrier Global Corporation (NYSE: CARR) for $3.1 billion, consisting of $2.9 billion in cash and $200 million in assumed liabilities. Chubb, based in the UK, employs around 13,000 people and serves over 1.5 million customers across 17 countries. The acquisition is projected to enhance organic growth and margin expansion, strengthening APi's position in the global life safety services market, with a significant increase in service-based revenue.
Carrier Global Corporation (NYSE: CARR) has announced the sale of its Chubb fire and security business to APi Group Corporation (NYSE: APG) for an enterprise value of $3.1 billion. The transaction allows Carrier to focus on its core operations and redeploy proceeds towards growth initiatives, dividends, and share repurchases. The sale, which is subject to regulatory approvals, is expected to finalize in late Q4 2021 or early Q1 2022. Carrier asserts that its global fire and security products business remains integral to its strategy for sustainable building solutions.
APi Group Corporation (NYSE: APG) has successfully closed a private offering of $350 million in 4.125% Senior Notes due 2029, guaranteed by the Company and its subsidiaries. The proceeds will be used to pay off existing debt, cover general corporate expenses, and transaction fees. The offering complies with Rule 144A and Regulation S under the Securities Act, meaning these Notes are limited to institutional buyers and non-U.S. persons. This press release serves as a notification and not an offer to sell securities.