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APi Group Corporation

07/02/2026 | Press release | Distributed by Public on 07/02/2026 05:32

APi Group Completes the Acquisition of WTech Fire Group and Updates 2026 Guidance (Form 8-K)

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 LeadersĀ®. 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

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APi Group Corporation published this content on July 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 02, 2026 at 11:32 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]