Key Highlights
- APG’s trailing and forward P/E were 109.89 and 24.27 respectively according to Yahoo Finance.
- Construction and extraction Copyright: Kurhan / 123RF Stock Photo APi Group’s evolution from a small 1926 plumbing shop into a global safety and specialty services platform reflects nearly a century of expansion, leadership continuity, and strategic reinvention.
- After decades of diversification into construction-related services and a global footprint, the company entered a new phase when longtime operator Russell Becker became CEO in 2002 and later partnered with Martin Franklin’s SPAC, J2, which acquired APi for $2.9 billion in 2019.
- Franklin’s track record of acquiring and operationally improving businesses—from Jarden to Restaurant Brands International and Nomad Foods—set investor expectations that APi could similarly unlock substantial value through disciplined M&A and margin expansion.
- At acquisition, APi operated 40+ businesses across essential services including fire protection, HVAC, utilities, and security systems.
