Api Group Corp

APi Group Corporation has closed its acquisition of Evergreen Fire and Security, a Tacoma, Washington-based systems integrator founded in 2000 with more than 25 years of experience in electronic security and fire life safety solutions. The deal expands the electronic security capabilities of APi's North American Safety business, adding technical expertise and a more complete suite of service offerings, and Evergreen is expected to contribute approximately $55 million in annual revenue while being accretive to APi's "10/16/60+" shareholder value creation framework. President and Chief Executive Officer Russ Becker said Evergreen is an excellent cultural fit with a talented team and long-standing customer relationships, calling the acquisition a meaningful step toward adding electronic security expertise and scale to the North American Safety business. Becker also said first-half momentum carried into the third quarter, increasing confidence in the third-quarter and full-year outlook, and that APi has deployed $1.7 billion of capital year-to-date, including bolt-on and platform acquisitions, investments in the business, and $250 million of opportunistic share repurchases, with $750 million remaining under its current authorization. APi Group is a global business services company with more than 600 locations in over 20 countries, and in 2026 it is celebrating its 100-year anniversary and its debut on the Fortune 500.

APi Group has raised its full-year revenue guidance and outlined plans to deploy about US$250 million into bolt-on acquisitions this year. President and CEO Russell Becker described a robust pipeline of bolt-on deals at attractive multiples, supported by a strong balance sheet that could also fund larger transactions if suitable targets emerge. The company is expanding its corporate development team and exploring the use of artificial intelligence for financial due diligence, with an ambition to scale annual bolt-on M&A deployment toward about US$350 million over time. The update comes as APi Group's shares have declined 13.63% over the past 90 days, even as revenue guidance and recent earnings moved higher.

APi Group Corporation raised its full-year 2026 revenue guidance to between $8.88 billion and $9.03 billion and issued third-quarter revenue guidance of $2.38 billion to $2.43 billion. The company reported higher year-over-year sales and net income in the second quarter of 2026. It also plans to deploy about $250 million in bolt-on acquisitions this year and build capacity toward $350 million annually, while starting to use artificial intelligence to streamline financial due diligence. The raised guidance and active acquisition pipeline keep the focus on whether APi can convert its record backlog and deals into durable, higher-quality earnings, though rising acquisition volume could amplify integration risks.

Five companies are scheduled to report earnings on July 16. API projects a 13.2 percent increase in ordinary profit, Prologis REIT expects a 6.3 percent decline, GL Renewables cannot be compared due to an earnings change, Heiwa Real Estate REIT forecasts an 8.1 percent rise in ordinary profit, and Hankyu Hanshin REIT anticipates a 5.0 percent decrease.

APi Group has completed its acquisition of WTech Fire Group, a European provider of fire sprinkler, suppression and detection solutions, and updated its full-year 2026 outlook. The deal, which closed on July 1, 2026, is expected to add approximately $175 million in annual revenue with a margin profile consistent with APi's international business. The company now projects 2026 net revenues between $8,660 million and $8,860 million, up from its prior range of $8,575 million to $8,775 million, and adjusted EBITDA between $1,177 million and $1,237 million, up from $1,165 million to $1,225 million.