APi Group Ups Performance Guidance Following Acquisition of Canadian Fire Safety Company

On June 8, APi Group Corp. (APG), a U.S. industrial services company, completed its acquisition of Canadian fire and life-safety services provider Onyx-Fire Protection Services, securing approximately $190 million in additional annual revenue (roughly KRW 290 billion).

Reflecting the acquisition, the company has raised its 2026 revenue guidance to $8.6–8.8 billion (around KRW 13 trillion) and its adjusted EBITDA outlook to $1.1–1.2 billion (approximately KRW 17–18 trillion). Second-quarter guidance remains unchanged from prior projections, excluding Onyx-Fire’s partial contribution in June.

Meanwhile, principal shareholder Martin E. Franklin sold about $84 million of APi Group stock (approximately KRW 130 billion) through a Rule 144 block trade via his affiliate MEF Holdings. He still retains significant economic ownership through common and convertible preferred shares, leaving the company’s capital structure intact.

APi Group recently made its debut on the Fortune 500 list and continues to pursue acquisition-driven growth across North America and Europe. The company has signed an agreement to acquire European fire-safety firm Wtech Fire and expanded its revolving credit facility by $1 billion.

Focusing on fire and life-safety systems, specialty construction, and other essential infrastructure maintenance, APi Group is working to increase recurring, inspection-and-service revenue to more than 60% of its mix. With steady regulatory demand for fire and safety inspections and ongoing needs to replace aging infrastructure, the global fire and life-safety services industry is viewed as a long-term, stable-demand sector.