APi Group Corporation to acquire Elevated Facility Services Group, expanding into elevator and escalator services market
Acquiring Company
APi Group Corporation
Acquired Company
Elevated Facility Services Group
New BrightonTampaCommerce And ShoppingEducationSecurityPublic SafetyFacilities ServicesDescription
APi Group Corporation (NYSE: APG) has entered into a definitive agreement to acquire Elevated Facility Services Group, a premier provider of contractually based services for elevator and escalator equipment. This strategic acquisition expands APi's capabilities into the elevator and escalator services space, broadens its total addressable market, and creates long-term cross-selling opportunities. Elevated's focus on non-discretionary services aligns with APi's commitment to sustainable shareholder value and presents a platform for continued growth and investment within the APi family.
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Frequently asked
Who acquired Elevated Facility Services Group?
Elevated Facility Services Group was acquired by APi Group Corporation, based in New Brighton. The deal was reported on April 15, 2024. APi Group Corporation (NYSE: APG) is a leading provider of safety services focused on non-discretionary, regulatory driven applications. APi Group Corporation is publicly traded (APG) and operates in Commerce And Shopping.
When did APi Group Corporation acquire Elevated Facility Services Group?
APi Group Corporation's acquisition of Elevated Facility Services Group was reported on April 15, 2024. APi Group Corporation (NYSE: APG) has entered into a definitive agreement to acquire Elevated Facility Services Group, a premier provider of contractually based services for elevator and escalator equipment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Elevated Facility Services Group do?
Elevated (formerly Premier, EMR, and Oracle) has brought together the industry’s finest technicians to serve our customers with over thousands of elevators and escalators under maintenance in 58 markets across 24 states. It is privately held, operating in Facilities Services, and is based in Tampa.
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