M&A Deal Summary

APi Group Acquires Chubb Fire & Security Group

On July 27, 2021, APi Group Corporation acquired safety/security company Chubb Fire & Security Group from Carrier Global Corp. for 3.1B USD

Acquisition Highlights
  • This is APi Group’s 11th transaction in the Safety/Security sector.
  • This is APi Group’s 1st largest (disclosed) transaction.
  • This is APi Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-07-27
Target Chubb Fire & Security Group
Sector Safety/Security
Buyer(s) APi Group Corporation
Sellers(s) Carrier Global Corp.
Deal Type Divestiture
Deal Value 3.1B USD

Target

Chubb Fire & Security Group

Ashford, United Kingdom
website
Chubb is a fire safety and security provider, offering customers complete and reliable services from design and installation to monitoring and ongoing maintenance. Chubb is based in Ashford, United Kingdom.

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Buyer(S) 1

Buyer

APi Group Corporation

New Brighton, Minnesota, United States

website


Category Company
Founded 1926
SectorConstruction
Employees13,000
Revenue 3.6B USD (2020)
DESCRIPTION

APi Group is a provider of safety, specialty and industrial services in over 200 locations, primarily in North America and with an expanding platform in Europe. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. APi Group was founded in 1926 and is based in New Brighton, Minnesota.


DEAL STATS #
Overall 22 of 22
Sector (Safety/Security) 11 of 11
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 SK FireSafety Group B.V.

Noord Brabant, Netherlands

SK FireSafety Group is a provider of critical safety services in the active fire and life safety markets in the Benelux and Scandinavia. SK FireSafety Group was founded in 2011 and is based in Noord Brabant, Netherlands.

Buy -

Seller(S) 1

SELLER

Carrier Global Corp.

Farmington, Connecticut, United States

website


Category Company
Founded 1915
SectorMachinery
Employees56,000
Revenue 17.5B USD (2020)
DESCRIPTION
Carrier research center in Jupiter, Florida.
Carrier research center in Jupiter, Florida.

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was formed in 1915 and is headquartered in Farmington, Connecticut.


DEAL STATS #
Overall 10 of 10
Sector (Safety/Security) 1 of 1
Type (Divestiture) 7 of 7
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Guangdong Giwee Group Co., Ltd.

Foshan City, China

Giwee Group is a China-based manufacturer of heating, ventilation, and air conditioning products, offering a portfolio of high-quality products such as variable refrigerant flow, modular chiller, and light commercial air conditioners. Giwee Group is based in Foshan City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 BrokerBay, Inc.

Toronto, Ontario, Canada

BrokerBay is involved in the development of an advanced, streamlined, and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access. BrokerBay was formed in 2016 and is based in Toronto, Ontario.

Buy -