APi Group Expected to Raise Value Capture Opportunities Target Related to Acquisition of Chubb

Rhea-AI Summary

APi Group Corporation (NYSE: APG) is hosting an investor update meeting today at 9:00 a.m. ET, where it is anticipated to raise its value capture target from $40 million to at least $80 million, following the acquisition of Chubb. This strategic shift suggests significant growth potential and optimizes the company's financial targets. Attendees can access the live presentation and materials on APi's website post-event, providing insights into the company's performance and future direction.

Positive

• Increase in value capture target from $40 million to at least $80 million indicates growth potential.
• Strategic acquisition of Chubb enhances financial targets and operational efficiency.

Negative

• None.

 

NEW BRIGHTON, Minn.--(BUSINESS WIRE)-- APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) is holding an investor update meeting this morning beginning at 9:00 a.m. (Eastern Time). It is expected that the Company may raise its value capture opportunities target from the $40 million it announced on May 4, 2022 related to the acquisition of Chubb. It is expected that the new target will be at least $80 million.

You may attend and view the presentation (live or by replay) to hear full details regarding the new value capture target and a general update on the business via webcast by accessing the following URL: https://media.rampard.com/WebcastingAppv5/Events/eventsDispatcher.jsp?Y2lk=MjExNQ==.

The presentation materials will be posted to the Investor Relations page of APi’s website following the event at www.apigroupcorp.com.

About APi:

APi is a global, market-leading business services provider of life safety, security and specialty services with a substantial recurring revenue base and over 500 locations worldwide. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. We have a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for our customers. More information can be found at www.apigroupcorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005689/en/

Investor Relations Inquiries:

Olivia Walton

Vice President of Investor Relations

Tel: +1 651-604-2773

Email: investorrelations@apigroupinc.us



Media Contact:

Liz Cohen

Kekst CNC

Tel: +1 212-521-4845

Email: Liz.Cohen@kekstcnc.com

Source: APi Group Corporation

FAQ

What is the new value capture target for APG?

The new value capture target for APi Group Corporation is expected to be at least $80 million.

When is the investor update meeting for APG?

The investor update meeting for APi Group Corporation is today at 9:00 a.m. ET.

Where can I view the APG investor update presentation?

The presentation can be viewed live or via replay on APi's website.

What acquisition is APG discussing in its investor update?

APG is discussing the acquisition of Chubb in its investor update.