APi Group to Acquire Onyx Fire Protection Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy APG?
Source: seekingalpha
- Acquisition Deal: APi Group has agreed to acquire Onyx Fire Protection Services, with the deal expected to close in Q2 2026, further strengthening APi's market position in fire safety.
- Revenue Contribution: Onyx Fire is projected to contribute approximately $190 million in annual revenue to APi, with over 50% of its revenue derived from inspection, service, and monitoring, enhancing APi's revenue diversity.
- Shareholder Value Strategy: The asset-light model and higher margins of Onyx Fire are expected to positively impact APi's “10/16/60+” shareholder value strategy, thereby improving the company's overall financial performance.
- Market Expansion: This acquisition will support APi Group's goal of achieving $10 billion in revenue by 2028, amidst accelerating data center growth, further solidifying its leadership in the safety services industry.
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Analyst Views on APG
Wall Street analysts forecast APG stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 45.720
Low
43.00
Averages
46.20
High
50.00
Current: 45.720
Low
43.00
Averages
46.20
High
50.00
About APG
APi Group Corporation is a global business services provider of fire and life safety, security, elevator and escalator and specialty services in over 500 locations worldwide. Its segments include Safety Services and Specialty Services. Safety Services segment focuses on end-to-end integrated occupancy systems (fire protection solutions, entry systems, elevators and escalators), 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 provides a variety of infrastructure services and specialized industrial plant services, including maintenance and repair of critical infrastructure, such as underground electric, gas, water, sewer, telecommunications infrastructure, and design, installation, inspection, and service of heating, ventilation, and air conditioning systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
API Group Reports Q1 Adjusted EPS of $0.32, Exceeding IBES Estimate of $0.30
Economic Indicators: The A.P.I. Group reported a Q1 adjusted EPS of USD 0.32, indicating a slight increase compared to previous estimates.
Comparison with Estimates: The reported EPS of USD 0.32 aligns closely with the I.B.E.S. estimate, suggesting stability in earnings expectations.
See More
APi Group Q1 2026 Earnings Exceed Expectations
- Earnings Beat: APi Group reported a Q1 2026 non-GAAP EPS of $0.32, exceeding expectations by $0.02, which underscores the company's strengthening profitability and boosts market confidence.
- Significant Revenue Growth: The company achieved $2 billion in revenue for Q1, marking a 16.3% year-over-year increase and surpassing market expectations by $80 million, indicating robust demand and an increase in market share within the safety services sector.
- Upgraded Full-Year Guidance: APi raised its full-year 2026 net revenue guidance to between $8.475 billion and $8.675 billion, along with adjusted EBITDA expectations of $1.15 billion to $1.21 billion, reflecting confidence in future growth and effective strategic planning.
- Q2 Outlook: For Q2 2026, APi anticipates net revenues between $2.175 billion and $2.225 billion, with adjusted EBITDA projected at $300 million to $310 million, indicating a positive outlook for continued growth and profitability.
See More
APi Group Reports Increased Q1 Profit
- Significant Profit Growth: APi Group reported a net profit of $57 million for Q1, translating to $0.12 per share, which is a substantial increase from last year's $35 million and $0.07 per share, indicating improved profitability.
- Strong Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $142 million or $0.32 per share, showcasing robust performance in its core business and enhancing investor confidence.
- Continued Revenue Growth: The company's revenue rose 15.3% year-over-year to $1.982 billion, up from $1.719 billion last year, reflecting strong market demand and driving business expansion.
- Optimistic Market Outlook: With both revenue and profit growth, APi Group demonstrates strong market adaptability and is expected to continue benefiting from industry recovery and new project initiatives, enhancing its future growth potential.
See More
APi Group Q1 Earnings Announcement Scheduled
- Earnings Release Date: APi Group is set to announce its Q1 earnings on April 30 before market open, with consensus EPS estimate at $0.30, reflecting an 18.9% year-over-year decline, while revenue is expected to reach $1.92 billion, marking an 11.6% increase, which could significantly impact investor sentiment.
- Historical Performance Review: Over the past two years, APi Group has beaten EPS estimates 100% of the time and revenue estimates 63% of the time, demonstrating its stable performance and profitability, which may attract more investor interest.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and four downward adjustments, while revenue estimates experienced seven upward revisions with no downward changes, indicating growing market confidence in APi Group's future performance, potentially influencing its stock price.
- Acquisition Activity: APi Group recently announced the acquisition of Onyx-Fire, expected to generate $190 million in revenue, a strategic move that not only strengthens the company's market position but may also provide new growth momentum for the future.
See More
APi Group to Acquire Onyx Fire Protection Services
- Acquisition Deal: APi Group has agreed to acquire Onyx Fire Protection Services, with the deal expected to close in Q2 2026, further strengthening APi's market position in fire safety.
- Revenue Contribution: Onyx Fire is projected to contribute approximately $190 million in annual revenue to APi, with over 50% of its revenue derived from inspection, service, and monitoring, enhancing APi's revenue diversity.
- Shareholder Value Strategy: The asset-light model and higher margins of Onyx Fire are expected to positively impact APi's “10/16/60+” shareholder value strategy, thereby improving the company's overall financial performance.
- Market Expansion: This acquisition will support APi Group's goal of achieving $10 billion in revenue by 2028, amidst accelerating data center growth, further solidifying its leadership in the safety services industry.
See More
APi Group Acquires Onyx-Fire to Expand North American Fire Safety Platform
- Acquisition Overview: APi Group announced its acquisition of Onyx-Fire Protection Services in Canada, with the transaction expected to close in Q2 2026, marking a strategic expansion in the North American market aligned with its '10/16/60+' value creation strategy.
- Financial Contribution Expectation: Onyx-Fire is projected to contribute approximately $190 million in annual revenue to APi, and due to its asset-light business model and favorable EBITDA margin, it is expected to positively impact shareholder value creation.
- Market Potential Analysis: The Canadian fire and life safety market is highly fragmented and rapidly growing, and through this acquisition, APi will further solidify its leadership position in non-discretionary, regulatory-driven recurring revenue opportunities, enhancing its competitive edge.
- Leadership Outlook: APi's CEO Russ Becker stated that Onyx-Fire's team and culture align well with APi, and the future growth will be driven through organic expansion and further acquisitions in the Canadian market, showcasing strong collaborative potential.
See More
API Group Reports Q1 Adjusted EPS of $0.32, Exceeding IBES Estimate of $0.30
Economic Indicators: The A.P.I. Group reported a Q1 adjusted EPS of USD 0.32, indicating a slight increase compared to previous estimates.
Comparison with Estimates: The reported EPS of USD 0.32 aligns closely with the I.B.E.S. estimate, suggesting stability in earnings expectations.
See More
APi Group Q1 2026 Earnings Exceed Expectations
- Earnings Beat: APi Group reported a Q1 2026 non-GAAP EPS of $0.32, exceeding expectations by $0.02, which underscores the company's strengthening profitability and boosts market confidence.
- Significant Revenue Growth: The company achieved $2 billion in revenue for Q1, marking a 16.3% year-over-year increase and surpassing market expectations by $80 million, indicating robust demand and an increase in market share within the safety services sector.
- Upgraded Full-Year Guidance: APi raised its full-year 2026 net revenue guidance to between $8.475 billion and $8.675 billion, along with adjusted EBITDA expectations of $1.15 billion to $1.21 billion, reflecting confidence in future growth and effective strategic planning.
- Q2 Outlook: For Q2 2026, APi anticipates net revenues between $2.175 billion and $2.225 billion, with adjusted EBITDA projected at $300 million to $310 million, indicating a positive outlook for continued growth and profitability.
See More
APi Group Reports Increased Q1 Profit
- Significant Profit Growth: APi Group reported a net profit of $57 million for Q1, translating to $0.12 per share, which is a substantial increase from last year's $35 million and $0.07 per share, indicating improved profitability.
- Strong Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $142 million or $0.32 per share, showcasing robust performance in its core business and enhancing investor confidence.
- Continued Revenue Growth: The company's revenue rose 15.3% year-over-year to $1.982 billion, up from $1.719 billion last year, reflecting strong market demand and driving business expansion.
- Optimistic Market Outlook: With both revenue and profit growth, APi Group demonstrates strong market adaptability and is expected to continue benefiting from industry recovery and new project initiatives, enhancing its future growth potential.
See More
APi Group Q1 Earnings Announcement Scheduled
- Earnings Release Date: APi Group is set to announce its Q1 earnings on April 30 before market open, with consensus EPS estimate at $0.30, reflecting an 18.9% year-over-year decline, while revenue is expected to reach $1.92 billion, marking an 11.6% increase, which could significantly impact investor sentiment.
- Historical Performance Review: Over the past two years, APi Group has beaten EPS estimates 100% of the time and revenue estimates 63% of the time, demonstrating its stable performance and profitability, which may attract more investor interest.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and four downward adjustments, while revenue estimates experienced seven upward revisions with no downward changes, indicating growing market confidence in APi Group's future performance, potentially influencing its stock price.
- Acquisition Activity: APi Group recently announced the acquisition of Onyx-Fire, expected to generate $190 million in revenue, a strategic move that not only strengthens the company's market position but may also provide new growth momentum for the future.
See More
APi Group to Acquire Onyx Fire Protection Services
- Acquisition Deal: APi Group has agreed to acquire Onyx Fire Protection Services, with the deal expected to close in Q2 2026, further strengthening APi's market position in fire safety.
- Revenue Contribution: Onyx Fire is projected to contribute approximately $190 million in annual revenue to APi, with over 50% of its revenue derived from inspection, service, and monitoring, enhancing APi's revenue diversity.
- Shareholder Value Strategy: The asset-light model and higher margins of Onyx Fire are expected to positively impact APi's “10/16/60+” shareholder value strategy, thereby improving the company's overall financial performance.
- Market Expansion: This acquisition will support APi Group's goal of achieving $10 billion in revenue by 2028, amidst accelerating data center growth, further solidifying its leadership in the safety services industry.
See More
APi Group Acquires Onyx-Fire to Expand North American Fire Safety Platform
- Acquisition Overview: APi Group announced its acquisition of Onyx-Fire Protection Services in Canada, with the transaction expected to close in Q2 2026, marking a strategic expansion in the North American market aligned with its '10/16/60+' value creation strategy.
- Financial Contribution Expectation: Onyx-Fire is projected to contribute approximately $190 million in annual revenue to APi, and due to its asset-light business model and favorable EBITDA margin, it is expected to positively impact shareholder value creation.
- Market Potential Analysis: The Canadian fire and life safety market is highly fragmented and rapidly growing, and through this acquisition, APi will further solidify its leadership position in non-discretionary, regulatory-driven recurring revenue opportunities, enhancing its competitive edge.
- Leadership Outlook: APi's CEO Russ Becker stated that Onyx-Fire's team and culture align well with APi, and the future growth will be driven through organic expansion and further acquisitions in the Canadian market, showcasing strong collaborative potential.
See More
