APi Group (APG) Completes Acquisition of Elevated Facility Services Group, Updates Guidance
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APi Group Completes Acquisition of Elevated Facility Services Group
June 4, 2024 7:30 AM EDT-Establishes new statutorily mandated service platform in the highly attractive elevator and escalator services space-
-Accelerates business mix shift towards 60% of revenues from inspection, service, and monitoring-
-Company raises full year guidance-
NEW BRIGHTON, Minn.--(BUSINESS WIRE)-- 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.
Headquartered in Tampa, Florida, Elevated has... More
