APi Group Closes Onyx-Fire Acquisition, Raises Full-Year 2026 Revenue and EBITDA Guidance
Summary
APi Group has completed its acquisition of Onyx-Fire Protection Services, Inc., and subsequently raised its full-year 2026 revenue and adjusted EBITDA guidance.
Key Events
-
Acquisition Completed
APi Group officially closed the acquisition of Onyx-Fire Protection Services, Inc., a leading inspection-first provider of fire and life safety services in Canada. This follows the initial announcement on April 23, 2026.
-
Significant Revenue Contribution
Onyx-Fire is expected to contribute approximately $190 million in annual revenue and is projected to be accretive to APi's shareholder value creation framework.
-
Raised Full-Year Guidance
The company increased its full-year 2026 net revenue outlook to a range of $8,575 million to $8,775 million (up from $8,475 million to $8,675 million) and adjusted EBITDA to a range of $1,165 million to $1,225 million (up from $1,150 million to $1,210 million).
-
Q2 Guidance Reaffirmed
APi Group reaffirmed its second-quarter 2026 guidance, excluding the partial month contribution from Onyx-Fire in June, indicating strong underlying business trends.
Analysis
This 8-K announces the official closing of the Onyx-Fire Protection Services acquisition, which was previously announced on April 23, 2026. The acquisition is expected to contribute $190 million in annual revenue and be accretive to APi's financial framework. Concurrently, the company has raised its full-year 2026 revenue and adjusted EBITDA guidance, reflecting the positive impact of this acquisition. This solidifies the company's growth trajectory and provides a clearer, improved financial outlook for the year.
At the time of this filing, APG was trading at $42.54 on NYSE in the Trade & Services sector, with a market capitalization of approximately $18.6B. The 52-week trading range was $31.40 to $49.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.