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–Api Group Announces Leadership Evolution In Support Of The Planned Acquisition Of Chubb Fire & Security Business–

Sep 08, 2021•almost 4 years ago

Acquiring Company

APi

Acquired Company

Chubb Fire & Security Business

Commerce And ShoppingEducation

Description

APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) announced that Tom Lydon has stepped down as CFO today and will be retiring from APi at the end of the year after supporting the transition to Kevin S. Krumm, who will be joining APi as Executive Vice President and Chief Financial Officer on September 20, 2021.

Company Information

Company

APi

About

APi is a market-leading business services provider of safety, specialty and industrial services in over 200 locations in North America and Europe. 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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed