APi Group Announces Launch of Secondary Public Offering of Common Stock

Group 1 - APi Group Corporation announced a public offering of up to 8,130,082 shares of common stock by certain funds affiliated with Blackstone Inc. and Viking Global Investors LP [1] - The Selling Stockholders intend to grant underwriters a 30-day option to purchase up to 1,219,510 additional shares [1] - APi is not selling any shares and will not receive any proceeds from the offering [1] Group 2 - UBS Investment Bank and Citigroup are acting as joint bookrunning managers for the offering, with Blackstone Securities Partners L.P. as co-manager [2] - A shelf registration statement for the shares was filed with the SEC on January 3, 2022, and declared effective on January 7, 2022 [3] Group 3 - APi is a global business services provider specializing in life safety, security, and specialty services, with over 500 locations worldwide [5] - The company has a substantial recurring revenue base and serves a strong base of long-standing customers across various industries [5]