WTech deal lifts APi Group (NYSE: APG) 2026 revenue and EBITDA outlook
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
APi Group Corporation has completed its acquisition of WTech Fire Group, a European fire sprinkler, suppression and detection provider, and raised its full-year 2026 financial outlook. WTech is expected to contribute approximately $175 million in annual revenue with a margin profile consistent with APi’s international business.
APi now expects 2026 net revenues between $8,660 million and $8,860 million, compared with its prior range of $8,575 million to $8,775 million. The Company also increased its 2026 adjusted EBITDA outlook to a range of $1,177 million to $1,237 million, from $1,165 million to $1,225 million, reflecting the anticipated contribution from WTech.
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Negative
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Insights
APi closes WTech deal and modestly lifts 2026 guidance.
APi Group closed the acquisition of WTech Fire Group, adding about $175 million in expected annual revenue with margins aligned to its existing international operations. This bolsters the company’s European fire and life-safety footprint with complementary sprinkler and suppression capabilities.
The company raised its 2026 net revenue outlook to $8,660–$8,860 million and its adjusted EBITDA range to $1,177–$1,237 million. The uplift is tied to WTech’s expected contribution, suggesting incremental growth rather than a transformational step-change.
Actual results will depend on integration execution and broader macro factors cited in the risk discussion, including inflation, supply chain conditions and credit markets. Subsequent 10-Q and 10-K filings for periods including 2026 will show how closely performance tracks the updated guidance.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Expected WTech revenue: $175 million annually
New 2026 net revenue guidance (low end): $8,660 million
New 2026 net revenue guidance (high end): $8,860 million
+4 more
7 metrics
Expected WTech revenue
$175 million annually
WTech Fire Group contribution
New 2026 net revenue guidance (low end)
$8,660 million
Full-year 2026 net revenues, updated range
New 2026 net revenue guidance (high end)
$8,860 million
Full-year 2026 net revenues, updated range
Prior 2026 net revenue guidance (low end)
$8,575 million
Previous full-year 2026 net revenue range
Prior 2026 net revenue guidance (high end)
$8,775 million
Previous full-year 2026 net revenue range
New 2026 adjusted EBITDA guidance (range)
$1,177–$1,237 million
Updated full-year 2026 adjusted EBITDA
Prior 2026 adjusted EBITDA guidance (range)
$1,165–$1,225 million
Previous full-year 2026 adjusted EBITDA
Key Terms
adjusted EBITDA, forward-looking statements, Private Securities Litigation Reform Act of 1995, non-U.S. GAAP financial measures, +2 more
6 terms
adjusted EBITDA financial
"The Company now expects net revenues in the range of $8,660 million to $8,860 million, and adjusted EBITDA in the range of $1,177 million to $1,237 million."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
forward-looking statements regulatory
"Please note that in this press release the Company may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of APi Group Corporation."
non-U.S. GAAP financial measures financial
"This press release contains non-U.S. GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission."
Non-U.S. GAAP financial measures are company-reported numbers that adjust or repackage results prepared under standard U.S. accounting rules to highlight aspects of performance management believes are important. Think of them like a chef presenting a cleaned-up version of a recipe that removes certain ingredients to show a core flavor; they can help investors see trends or cash-generation potential but may omit costs or one-time items, so compare them with GAAP figures for a full picture.
Regulation G regulatory
"This press release contains non-U.S. GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission."
Regulation G is a U.S. securities rule that requires companies to show and explain how any highlighted financial numbers that differ from standard accounting figures were calculated, and to provide a clear bridge to the official results. For investors this acts like a recipe card: when a company presents a simplified or adjusted profit number, Regulation G forces them to show the original ingredients and steps so readers can judge whether the adjusted figure gives a clearer or misleading picture of financial health.
inspection-first strategy financial
"failure to fully execute the Company’s inspection-first strategy or to realize the expected service revenue from such inspections;"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
On July 2, 2026, APi Group Corporation (NYSE: APG) (“APi” or the “Company”) issued a press release announcing (i) the closing of the previously announced acquisition of WTech Fire Group ("WTech") and (ii) updates to the Company's full-year 2026 financial guidance. A copy of the press release is furnished as Exhibit 99.1.
The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 - Financial Statements and Exhibits
(d): The following exhibits are being furnished herewith:
Exhibit No. | Description | |||||||
99.1 | Press Release Issued by APi Group Corporation on July 2, 2026. | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
APi Group Corporation | ||||||||
Date: July 2, 2026 | By: | /s/ Glenn David Jackola | ||||||
Name: | Glenn David Jackola | |||||||
Title: | Executive Vice President and Chief Financial Officer | |||||||
Exhibit 99.1
APi Group Completes the Acquisition of WTech Fire Group and Updates 2026 Guidance
New Brighton, Minnesota – July 2, 2026 – APi Group Corporation (NYSE: APG) ("APi" or the "Company") announced that on July 1, 2026, it closed the acquisition of WTech Fire Group ("WTech"), a leading provider of fire sprinkler, suppression and detection solutions across Europe. The acquisition, previously announced on April 17, 2026, adds highly complementary fire sprinkler and suppression capabilities to APi’s international business. WTech is expected to contribute approximately $175 million in annual revenue and to have a margin profile consistent with APi’s international business.
Russ Becker, APi's President and Chief Executive Officer, stated: “We are pleased to officially welcome the WTech team to the APi family. WTech is a strong business with talented leaders, a great reputation, and capabilities that complement our international fire and life safety business. We are excited about the entrepreneurial spirit that Ted and his team bring to our business, which we believe will be quickly embraced across APi. We look forward to partnering with the team, supporting their continued growth, and building on the strong foundation they have created across Europe.”
The Company is raising its full year 2026 outlook to reflect the expected contribution from WTech for the remainder of 2026. The Company now expects net revenues in the range of $8,660 million to $8,860 million, up from $8,575 million to $8,775 million, and adjusted EBITDA in the range of $1,177 million to $1,237 million, up from $1,165 million to $1,225 million.
About APi:
APi Group is a global, market-leading business services company providing statutorily mandated and contracted services across its Safety Services and Specialty Services segments, including fire and life safety, electronic security, elevator and escalator, and infrastructure services. With more than 600 locations in over 20 countries, APi is built on a century of expertise, a people-first culture, and its purpose of Building Great Leaders®. In 2026, APi is celebrating its 100-year anniversary and its debut on the Fortune 500. More information is available at www.apigroup.com.
Investor Relations and Media Inquiries:
Adam Walters
Senior Director of Investor Relations
Tel: +1 920-419-5432
Email: investorrelations@apigroupinc.us
1
Forward-Looking Statements and Disclaimers:
Please note that in this press release the Company may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of APi Group Corporation (“APi” or the “Company”). Such discussion and statements may contain words such as “expect,” “anticipate,” “will,” “should,” “believe,” “intend,” “plan,” “estimate,” “predict,” “seek,” “continue,” “pro forma,” “outlook,” “may,” “might,” “can have,” “have,” “likely,” “potential,” “target,” “indicative,” “illustrative,” and variations of such words and similar expressions, and relate in this press release, without limitation, to statements, beliefs, projections and expectations about future events. Such statements are based on the Company’s expectations, intentions and projections regarding the Company’s future performance, anticipated events or trends and other matters that are not historical facts.
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) supply chain constraints and interruptions, and the resulting increases in the cost, or reductions in the supply, of the supplies and materials the Company uses in its business and for which the Company bears the risk of such increases; (iii) risks associated with the Company’s international operations; (iv) failure to realize the anticipated benefits of our acquisitions and our ability to successfully execute the Company’s bolt-on acquisition strategy to acquire other businesses and successfully integrate them into its operations; (v) failure to fully execute the Company’s inspection-first strategy or to realize the expected service revenue from such inspections; (vi) failure to realize expected benefits from the Company’s other business strategies, including the Company’s disciplined approach to customer and project selection and the Company’s asset-light, services-focused business model and its expected impact on future capital expenditures; (vii) risks associated with the Company’s decentralized business model and participation in joint ventures; (viii) improperly managed projects or project delays; (ix) adverse developments in the credit markets which could impact the Company’s ability to secure financing in the future; (x) the Company’s level of indebtedness; (xi) risks associated with the Company’s contract portfolio; (xii) changes in applicable laws or regulations; (xiii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (xiv) the impact of a global armed conflict; (xv) the trading price of the Company’s common stock, which may be positively or negatively impacted by market and economic conditions, the availability of the Company’s common stock, the Company’s financial performance or determinations following the date of this press release to use the Company’s funds for other purposes; (xvi) geopolitical risks; and (xvii) other risks and uncertainties, including those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 under the heading “Risk Factors,” and any updates to the risk factors in our Form 10-Q and 8-K filings with the U.S. Securities and Exchange Commission. Given these risks and uncertainties, investors 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 of this press release.
We do not provide reconciliations of forward-looking non-U.S. GAAP adjusted EBITDA to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for acquisitions and divestitures, systems and business enablement expenses, business process transformation expenses, one-time and other events such as impairment charges, transaction and other costs related to acquisitions and divestitures, restructuring costs, miscellaneous capital market activities, and other charges reflected in our reconciliation of historical numbers, the amount of which, based on historical experience, could be significant.
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Non-GAAP Financial Measures:
This press release contains non-U.S. GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. The Company uses certain non-U.S. GAAP financial measures that are included in this press release and the additional financial information both in explaining its results to shareholders and the investment community and in its internal evaluation and management of its businesses. The Company’s management believes that these non-U.S. GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view the Company’s performance using the same tools that management uses to evaluate the Company’s past performance and prospects for future performance, (b) permit investors to compare the Company with its peers, (c) determine certain elements of management’s incentive compensation, and (d) provide consistent period-to-period comparisons of the results. Specifically, the Company supplements the reporting of its consolidated financial information with certain non-U.S. GAAP financial measures, including adjusted EBITDA, which is defined as earnings before interest, taxes, depreciation and amortization, excluding the impact of certain non-cash and other specifically identified items. The Company believes these measures provide meaningful information and help investors understand the Company’s financial results and assess its prospects for future performance. On a consolidated basis, the Company uses adjusted EBITDA to evaluate its performance, both internally and as compared with its peers, because it excludes certain items that may not be indicative of the Company’s core operating results.
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FAQ
What acquisition did APi Group (APG) complete in July 2026?
APi Group completed the acquisition of WTech Fire Group on July 1, 2026. WTech is a European provider of fire sprinkler, suppression and detection solutions, adding complementary capabilities to APi’s international fire and life-safety business and expanding its presence across Europe.
How much revenue is WTech expected to add to APi Group (APG)?
WTech is expected to contribute approximately $175 million in annual revenue. Management also expects WTech to have a margin profile consistent with APi’s international business, supporting the company’s broader Safety Services and Specialty Services portfolio performance.
How did APi Group (APG) change its 2026 net revenue guidance?
APi Group increased its 2026 net revenue outlook after closing the WTech deal. The company now expects net revenues between $8,660 million and $8,860 million, up from its previous range of $8,575 million to $8,775 million for the full year 2026.
What is APi Group’s updated 2026 adjusted EBITDA guidance?
APi Group now expects 2026 adjusted EBITDA between $1,177 million and $1,237 million. This range is higher than the prior outlook of $1,165 million to $1,225 million, reflecting the anticipated contribution from the WTech Fire Group acquisition.
What business does APi Group (APG) operate in after acquiring WTech?
APi Group is a global business services company focused on safety and specialty services. It provides fire and life safety, electronic security, elevator and escalator, and infrastructure services, and WTech adds further European fire sprinkler and suppression capabilities to this platform.
Does APi Group’s 2026 guidance use non-GAAP measures like adjusted EBITDA?
Yes, APi Group’s outlook includes the non-U.S. GAAP measure adjusted EBITDA. The company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, excluding certain non-cash and specifically identified items it believes are not indicative of core operations.