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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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APi Group Corporation (NYSE: APG) has announced a definitive agreement to acquire Onyx-Fire Protection Services Inc. from funds managed by Blackstone. The company expects the acquisition to generate approximately $190 million in revenue, marking a significant expansion for APi Group in the Canadian market. This strategic move aligns with APi Group’s inspection-first business model, aimed at capturing high-margin service revenue. The transaction is currently expected to close in the second quarter of 2026, pending customary closing conditions and regulatory approvals. Analysts view the deal as a bullish indicator of the company's long-term growth strategy through disciplined M&A activity. By integrating Onyx-Fire, APi Group strengthens its competitive positioning within the safety services infrastructure sector.