APG - Construction Company APi Group Acquires Elevated Facility Services For ~$570M | Benzinga
APi Group Corporation (NYSE:APG) has entered into a definitive agreement to acquire Elevated Facility Services Group, a service provider for elevator and escalator equipment.
APi will acquire Elevated from a fund managed by L Squared Capital Partners for approximately $570 million in cash.
The transaction will expand APi’s position as a premier provider of safety services focused on non-discretionary, regulatory driven applications.
The acquisition is expected to expand APi’s total addressable market ...