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

UV Angel ties up with Smile One Services, launches new dental products
UV Angel ties up with Smile One Services, launches new dental products
By Akshay Kedari

UV Angel, a company renowned in the field of pathogen control technology, has recently announced that it has partnered with Smile One Services, which is dental service organization (DSO)  based in Michigan. Reportedly, the partnership has been i...

LinkedIn Audience Network prefers IAS to offer native ad brand safety
LinkedIn Audience Network prefers IAS to offer native ad brand safety
By Akshay Kedari

Integral Ad Science (IAS), a renowned leader in digital ad verification, has recently announced its agreement with the LinkedIn Audience Network to offer brand safety to native ads on mobile, web, in-app and desktop. The integration tends to utilize ...

SaalexIT acquires Oregon-based Arctic MSP for an undisclosed amount
SaalexIT acquires Oregon-based Arctic MSP for an undisclosed amount
By Akshay Kedari

SaalexIT, a full-service IT company and a market-leading MSSP (Managed Security Service Provider), has reportedly announced its acquisition of Oregon-based Arctic MSP. It is to be noted that the financial terms are yet to be released. The acquisitio...

Virgin Orbit prepares for its first launch mission into the orbit
Virgin Orbit prepares for its first launch mission into the orbit
By Akshay Kedari

Virgin Orbit had recently announced that its LauncherOne air-launched vehicle shall be marking its first flight in the coming days. The company has, however, set modest expectations regarding the probability of success. The company has commented tha...

Cognosante inks acquisition of EIS to expand Federal market offerings
Cognosante inks acquisition of EIS to expand Federal market offerings
By Akshay Kedari

Cognosante, a business process and technology solutions provider, has reportedly announced the acquisition of Vienna-based Enterprise Information Services, LLC. The acquisition of EIS will serve as a growth strategy of the company for expanding its o...