J2 Acquisition invests $2.9 billion to acquire APi Group, Inc
By Akshay Kedari  Date: 2019-09-05

J2 Acquisition invests $2.9 billion to acquire APi Group, Inc

J2 Acquisition Limited, said that the company believes APi to be the ideal base for J2’s preliminary investment and is in line with its disciplined investment criteria.

J2 Acquisition Limited, a public acquisition company, recently announced that it has inked a definitive agreement to acquire APi Group, Inc., a leading provider of industrial specialty services and commercial life safety solutions, for a sum of $2.9 billion. Moreover, J2 plans to list its shares under the symbol APG on the New York Stock Exchange and switch its jurisdiction of incorporation to Delaware.

According to reports, APi is one of the best specialty contractors in the country with a robust contracted service offering, diversified blue chip customer base, and a successful track record of acquisitions. The firm manages more than 40 regionally and nationally important businesses with leading brands in over 200 sites and produces over 95% of its revenue from North America, mainly from the United States.

The company has managed to record strong and consistent financial results over the year and anticipates generating an estimated revenue of $4 billion and 10% adjusted EBITDA margins for the F.Y. 2019.

Reportedly, APi offers the acquisition company a perfect foundation of market leadership on which it could build a sensible strategy that highlights organic growth, along with opportunistic and strategic M&A. Evidently, the founders of J2 have years of experience in growing, investing and operating multiple businesses through a similar strategy built around disciplined acquisitions in industries and niche markets, and organic growth, as well as on creating winning cultures.

For the record, APi, which employs 15,000 people, has a state-of-the-art employee development program and, J2 intends to build on the company’s operating strengths with an eye on developing the service portion of business across its portfolio after the acquisition.

Speaking on the announcement, Sir Martin E. Franklin, co-founder, J2 Acquisition Limited, said that the company believes APi to be the ideal base for J2’s preliminary investment and is in line with its disciplined investment criteria.

He added that this acquisition fulfills the company’s long-established acquisition criteria with substantial capability for long- and short-term value creation for their shareholders.

Source Credit: http://www.j2acquisitionlimited.com/~/media/Files/J/J2-Acquisitions/documents/press-releases/pr-announcing-acquisition-of-target.pdf

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

BMW drivers can now unlock and start cars without using their iPhone
BMW drivers can now unlock and start cars without using their iPhone
By Akshay Kedari

German multinational automobile manufacturer, Bayerische Motoren Werke AG, commonly known as BMW, has reportedly unveiled an upgraded version of its mobile car key technology, called the Digital Key Plus. This product enables iPhone users to unlock t...

FMCG firms resort to marginal hike to cope with raw material inflation
FMCG firms resort to marginal hike to cope with raw material inflation
By Akshay Kedari

The recent inflation in raw materials has reportedly prompted players in the FMCG sector to take price hike measures for their products, in a bid to maintain the revenues. According to reliable sources, some FMCG companies, including Marico, have al...

boAt raises USD 100 million in funding from Warburg Pincus
boAt raises USD 100 million in funding from Warburg Pincus
By Akshay Kedari

Indian consumer electronics brand, boAt, has reportedly secured funding of USD 100 million from Warburg Pincus, a New-York-based private equity firm, at a USD 300 million valuation. The company will utilize these funds to expand its product portfoli...

Elevar Therapeutics and Inceptua partner to commercialize Apealea®
Elevar Therapeutics and Inceptua partner to commercialize Apealea®
By Akshay Kedari

According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its non-cremophor based paclitaxel tre...

NASA completes construction of ‘LC-48’ at Kennedy Space Center
NASA completes construction of ‘LC-48’ at Kennedy Space Center
By Akshay Kedari

The National Aeronautics and Space Administration (NASA) has reportedly announced the completion of the construction of its new launchpad at the Kennedy Space Center based in Florida. Notably, the new Launch Complex 48 or LC-48 is a pad that will be ...