M&A Deal Summary

APi Group Acquires Chubb

On July 27, 2021, APi Group acquired safety/security company Chubb from Carrier for 3.1B USD

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

M&A Deal Summary
Date 2021-07-27
Target Chubb
Sector Safety/Security
Buyer(s) APi Group
Sellers(s) Carrier
Deal Type Divestiture
Deal Value 3.1B USD

Target

Chubb

Ashford, United Kingdom
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

New Brighton, Minnesota, United States
Category Company
Founded 1926
Sector Construction
Employees29,000
Revenue 6.9B USD (2023)
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 24
Sector (Safety/Security) 11 of 12
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 SK FireSafety Group

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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Elevated Facility Services Group

Tampa, Florida, United States

Elevated Facility Services Group is a provider of elevator maintenance, repair, and modernization services across all major brands of equipment. Oracle Elevator currently operates 22 branch locations across 13 states. Elevated Facility Services Group is based in Tampa, Florida.

Buy $570M

Seller(S) 1

SELLER

Carrier

Palm Beach Gardens, Florida, United States
Category Company
Founded 2019
Sector Machinery
Employees53,000
Revenue 22.1B USD (2023)
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 founded in 2019 and is based in Palm Beach Gardens, Florida.

DEAL STATS #
Overall 10 of 13
Sector (Safety/Security) 1 of 2
Type (Divestiture) 7 of 10
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Giwee Group

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

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 -
Mergr

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