Acquisition of Canadian Fire Safety Company Completed.. Annual Revenue Guidance Upgraded

APi Group Corporation (APG) announced on June 8 that it has completed its acquisition of ONYX Fire Protection Services, a Canadian fire and life-safety inspection firm, and expects the business to generate approximately $190 million in annual revenue. Reflecting this deal, APG raised its 2026 guidance to $8.6 billion–$8.8 billion in net sales and about $1.2 billion in adjusted EBITDA, and stated that its balance sheet remains robust enough to support further acquisitions and share repurchases.

APi Group recently bolstered its financial capacity by issuing $500 million of notes and expanding its revolving credit facility by $1 billion. At the same time, the company is pursuing additional M&A—most notably the planned acquisition of European fire-protection solutions provider Wtech Fire Group—to broaden its business platform.

APi Group Corporation is a global business‐services provider, primarily in North America and Europe, offering inspection, installation and maintenance services for fire and life safety, security systems, elevators and escalators. With a high proportion of recurring revenue, the fire and life-safety services sector continues to deliver stable growth, driven by tighter building-safety regulations and increasing demand to replace aging infrastructure.