APi Group Corp: management transactions · United States · SEC (Form 4)

About APi Group Corp

APi Group Corp. (ticker: APG) is a U.S.-listed company traded on the NYSE in the United States, and it should be viewed as a large-scale industrial services platform with a meaningful recurring-revenue profile. According to its latest annual report, the company is headquartered in New Brighton, Minnesota, and was founded in 1926. That makes APi a century-old business in 2026, a relevant marker for long-horizon equity investors who focus on durability, scale, and acquisition capability. The group also reports more than 500 locations worldwide and operates in more than 20 countries, giving it a broad geographic footprint. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001796209/000162828026011620/apg-20251231.htm?utm_source=openai)) APi Group’s current operating model is organized around two reportable segments: Safety Services and Specialty Services. Safety Services covers fire detection and suppression, electronic security and monitoring, as well as elevator and escalator-related services. Specialty Services spans infrastructure, energy, telecommunications, HVAC, fabrication, and material distribution. In practice, this means the company is exposed to end markets where compliance, inspection, maintenance, and service contracts often matter more than pure new-build activity. That is one reason APi tends to be framed as a services-led industrial compounder rather than a conventional cyclical contractor. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001796209/000162828026011620/apg-20251231.htm?utm_source=openai)) From a competitive standpoint, APi differentiates itself through a decentralized operating structure, a large branch network, and an “inspection-first” strategy designed to increase recurring revenue. Management has also set explicit long-term value-creation targets, including $10 billion or more in revenue by 2028, a 16% or higher adjusted EBITDA margin by 2028, and a 60%+ mix of revenues from inspection, service, and monitoring over the long term. For investors, that signals a consolidation strategy in fragmented markets, with an emphasis on margin expansion, scale benefits, and bolt-on acquisitions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001796209/000162828026023530/apigroup2025annualreport.pdf?utm_source=openai)) Recent corporate developments remain a key part of the investment case. APi announced and completed the acquisition of CertaSite, an inspection-first provider of fire and life safety services in the Midwest, with the deal closing on February 2, 2026. In April 2026, the company said it had also signed transactions for Wtech and Onyx, representing more than $1 billion of investment across three acquisitions, aimed at strengthening Safety Services across the United States, Europe, and Canada. In May 2026, APi launched a $500 million senior unsecured notes offering and signaled an amendment and extension of its credit agreement to help fund those recently signed and announced acquisitions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1796209/000162828026028658/apg-20260331.htm?utm_source=openai)) For French-speaking investors, APi Group is therefore best understood as a NYSE-listed U.S. industrial services company combining a centennial operating history, a diversified footprint, recurring inspection and maintenance revenues, and an active M&A pipeline. The equity story is centered on essential services, regulatory demand, and disciplined capital allocation rather than on short-cycle project volatility. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001796209/000162828026011620/apg-20251231.htm?utm_source=openai))