About APi Group

APi Group Corporation operates as a global, market-leading business services provider of safety and specialty services in over 500 locations worldwide. The company provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. The company has a winning leadership culture driven by entrepreneurial business leaders that deliver innovative solutions to its customers. The company’s core strategies of driving organic growth and growth through accretive acquisitions, promoting sharing of best practices across all of its businesses, and leveraging its scale and services offerings place it in the position to capitalize on opportunities and trends in the industries the company serves, grows its businesses and advances its position in each of its markets. The company’s revenue diversification across customers, end markets, geographies and projects, combined with its go-to-market strategy of selling inspection work first, regional approach to operating its businesses, specialty operations in niche markets, strong commitment to leadership development, long-standing customers with a robust reputation in the industries it serves. The company has a disciplined acquisition platform which has historically provided strategic acquisitions that are integrated into its operations. Since 2005, the company has completed over 100 acquisitions. The company targets companies that align with its strategic priorities and demonstrate key value drivers such as culture, geography, end markets and client base, capabilities, and leadership. The company’s priorities are unified around maintaining business continuity. The company employs a regional operating model designed to improve speed and responsiveness to its customers across its businesses, empower leadership of its businesses to drive business performance and execute key decisions, and foster cross-functional sharing of best practices. Segments The company operates through two segments, Safety Services and Specialty Services. Safety Services – A leading provider of safety services in North America, Europe, and Asia Pacific, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning (HVAC), and entry systems), including design, installation, inspection, and service of these integrated systems. The work performed within this segment spans across industries and facilities and includes commercial, education, healthcare, high tech, industrial, and special-hazard settings. Specialty Services – A leading provider of a variety of infrastructure services and specialized industrial plant services, which include maintenance and repair of critical infrastructure, such as underground electric, gas, water, sewer, and telecommunications infrastructure. The company’s services include engineering and design, fabrication, installation, maintenance service and repair, retrofitting and upgrading, pipeline infrastructure, access and road construction, supporting facilities, and performing ongoing integrity management and maintenance to customers within the energy industry. Customers within this segment vary from private and public utilities, communications, healthcare, education, transportation, manufacturing, industrial plants and governmental agencies throughout North America. Business Strategy The company intends to continue to grow its businesses, both organically and through acquisitions, and advance its position in each of the markets it serves by pursuing integrated business strategies. The company can continue to grow its businesses organically and capture additional market share across each of its segments by focusing on growing maintenance, inspection, monitoring, and service revenue and maximizing cross-selling opportunities. The company plans to capitalize on its broad base of installed projects, cross-selling opportunities, and customer relationships to continue to grow maintenance, inspection, and service revenue. With diverse businesses, a broad reach across a variety of different industries, geographies, and end markets and a culture of collaboration, the company has significant cross-selling opportunities to service more of the project life cycle and, once a project is completed, to continue to grow attractive recurring revenue streams. The key elements of the company’s strategy are to accelerate growth through acquisitions; continue to foster leadership development throughout all levels and geographies of the organization; and leverage its scale and services portfolio. Customers The company has long-standing relationships with many customers in each of the industries it serves. The company serves customers in both the public and private sectors, including commercial, industrial, distribution and fulfillment centers, manufacturing, education, healthcare, telecom, utilities, transmission and integrity, high tech, entertainment, government and infrastructure. The company’s customers range from Fortune 500 companies with diverse, worldwide operations to single-location companies. Customers are billed with varying frequency, the timing of which is generally dependent upon advance billing terms, milestone billings based on completion of certain phases of the work, or when services are provided. Under the typical payment terms of master and other service agreements and contracts for specific projects, the customer makes progress payments based on quantifiable measures of performance as defined in the agreements. Some of the company’s contracts include retainage provisions, under which a portion of the contract amount can be retained by the customer until final contract settlement. Seasonality Consequently, net revenues for the company’s businesses are typically lower during the first and second quarters (year ended December 31, 2023) due to the prevalence of unfavorable weather conditions within its North America companies. Sales and Marketing The company’s success depends on developing and maintaining successful long-term relationships with key customers in each of the industries it serves. The company intends to continue its emphasis on developing and maintaining long-term relationships with its customers by providing reliable, high-quality service in a professional manner. The company can continue to leverage specific technical and marketing strengths at the individual business-level to expand the services offered in each business’s market. The company’s culture of collaboration across its businesses provides significant cross-selling opportunities to leverage its current project base, existing relationships and professional expertise to provide additional services to its existing customers. In North America, the company provides a single point of contact for customers with a regional or national portfolio of properties through its National Service Group (NSG) team within its Safety Services segment, which enhances its understanding of customers on a national scale and allows it to build more meaningful relationships with its customers. Through its NSG team, the company is able to quickly and efficiently allocate resources to meet customer needs. History The company was founded in 1926. It was incorporated in 2017 with limited liability under the laws of the British Virgin Islands under the BVI Companies Act. The company was formerly known as J2 Acquisition Limited and changed its name to APi Group Corporation in 2019.