APi Group Enters Definitive Deal To Acquire Elevated Facility Services Group For ~$570M In Cash, Subject To Adjustments
Author: Benzinga Newsdesk | April 15, 2024 07:32am
The transaction will expand APi's position as a premier provider of safety services focused on non-discretionary, regulatory driven applications. The acquisition is expected to contribute ~$220 million in annual revenue and to be accretive to APi's "13/60/80" shareholder value creation framework driven by Elevated's strong EBITDA margin profile, ~70% of revenue from inspections, service and repair, and an asset light business model driving strong adjusted free cash flow conversion. The transaction is expected to close in the second quarter of 2024
Posted In: APG