J2 Acquisition Limited to Acquire APi Group, Inc. for $2.9 Billion

J2 Acquisition Limited announced today that it has entered into a definitive agreement to acquire APi Group, Inc., a market-leading provider of commercial life safety solutions and industrial specialty services, for approximately $2.9 billion, subject to customary closing conditions. J2 expects to list its shares on the New York Stock Exchange under the symbol APG and change its jurisdiction of incorporation to Delaware in connection with the NYSE listing.

APi is a market-leading provider of commercial life safety solutions and industrial specialty services and a top-5 specialty contractor in the U.S. with a diversified, blue chip customer base, robust contracted services offering, and a track record of successful acquisitions. The Company operates more than 40 nationally and regionally significant businesses with market-leading brands in over 200 locations and generates over 95% of its revenue in North America, primarily in the United States. APi has historically delivered consistent and strong financial results and expects to deliver approximately $4 billion in revenue and approximately 10% adjusted EBITDA margins for the full year 2019.

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