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Api Group Completes Acquisition Of Chubb Fire & Security Business

Jan 03, 2022•almost 4 years ago

Acquiring Company

APi

Acquired Company

Chubb Fire & Security Business

Commerce And ShoppingEducation

Description

APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) today announced that it has completed its previously announced acquisition of the Chubb fire and security business (“Chubb”) from Carrier Global Corporation (NYSE: CARR) for an enterprise value of $3.1 billion, which is comprised of $2.9 billion cash and approximately $200 million of assumed liabilities and other adjustments.

Company Information

Company

APi

About

APi is a market-leading business services provider of safety, specialty and industrial services in over 200 locations in North America and Europe. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. We have a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for our customers. More information can be found at www.apigroupcorp.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed