APi Group Announces Acquisition of CertaSite and Provides Full-Year 2025 Update (Form 8-K)

APi Group Announces Acquisition of CertaSite and Provides Full-Year 2025 Update

-Accretive to APi's "10/16/60+" long-term financial targets-

- Accelerates inspection-first strategy and shifts mix towards 60% of revenues from inspection, service, and monitoring-

-APi expects net revenues and adjusted EBITDA for 2025 will be at or above the midpoint of the current guidance range-

New Brighton, Minnesota - December 10, 2025 - APi Group Corporation (NYSE: APG) ("APi" or the "Company") today announced that it has entered into an agreement to acquire CertaSite, an inspection-first provider of comprehensive fire and life safety services in the Midwest region. The transaction is expected to be financed with cash on hand and to close in the first quarter of 2026, subject to customary closing conditions, including receipt of required regulatory approvals.

The acquisition will complement APi's position as a premier provider of safety services focused on non-discretionary, regulatory driven, recurring revenue opportunities. CertaSite is expected to deliver full year 2025 revenue of approximately $90 million and be accretive to APi's "10/16/60+" shareholder value creation framework driven by its inspection-first strategy, strong EBITDA margin profile, and an asset light business model leading to strong adjusted free cash flow conversion.

Russ Becker, APi's President and Chief Executive Officer stated: "We are excited to welcome the CertaSite team to the APi family and invest in each of our new teammates professionally and personally. CertaSite's inspection-first business model aligns with our inspection-first flywheel strategy and is expected to contribute meaningfully to our long-term 60% business mix target. We look forward to partnering with our CertaSite teammates to achieve the opportunities created by this acquisition for both our organizations."

Jeff Wyatt, CertaSite's Chief Executive Officer, added: "This is a transformative milestone for CertaSite and its team members. Since 2018, we have built a leading fire and life safety service provider focused on recurring inspection and service opportunities with a strong base of loyal customers. APi is well known as a long-term owner of businesses with a reputation of caring for and developing its team, and we couldn't be more excited to join the APi family to experience this first-hand. I'd like to thank all our CertaSite teammates for their ongoing dedication and hope they share in my excitement as we look forward to the next stage of our growth as part of the APi family."

Becker continued, "With one month left in the year, we approach 2026 with strong momentum and confidence in delivering on our full-year commitments. We expect net revenues and adjusted EBITDA for 2025 will be at or above the midpoint of the guidance range provided on October 30, 2025, of $7,875 million and $1,030 million, respectively. Additionally, our balance sheet remains strong, with our net leverage ratio expected to be below 2.0x by year end. Looking forward, we believe our proven operating model, built on our inspection and service-first strategy, purpose-driven leadership, and a disciplined approach to capital allocation, positions APi for sustained organic growth, margin expansion and value-accretive M&A."

About APi:

APi is a global, market-leading business services provider of fire and life safety, security, elevator and escalator, 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.apigroup.com.

Investor Relations and Media Inquiries:

Adam Fee

Vice President of Investor Relations

Tel: +1 651-240-7252

Email: [email protected]

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