Who Owns APi Group Company?

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Who Owns APi Group Corporation?

Understanding APi Group Corporation's ownership is key to grasping its strategy and market standing. A significant shift occurred when J2 Acquisition Limited acquired APi Group for about $2.9 billion, leading to its NYSE listing as APG on April 29, 2020.

This merger transformed APi Group, Inc., originally A.P.I., Inc. founded in 1926, from a small insulation division into the global entity it is today.

APi Group Corporation, based in New Brighton, Minnesota, is a worldwide diversified business services company. It offers a wide array of safety, specialty, and industrial services through its Safety Services and Specialty Services segments. The company's operations span over 500 locations globally, with a strong focus on North America and Europe, serving diverse industries. Investors often look at ownership to understand the company's direction, and a deep dive into its history reveals how entities like the APi Group BCG Matrix have evolved alongside its ownership structure.

The origins of APi Group trace back to 1926, with its initial establishment as A.P.I., Inc. This early entity was a division focused on insulation contracting and distribution. The company's foundational years were marked by a strategy of growth through strategic acquisitions, a principle that continues to shape its development.

Early Beginnings

APi Group's journey began in 1926 as A.P.I., Inc., a division of Reuben L. Anderson-Cherne. The insulation contracting and distribution activities were later spun off in 1948 into a separate firm named Asbestos Products.

Strategic Acquisitions

The company's growth trajectory has been significantly influenced by its acquisition strategy, which commenced in 1969 with the purchase of Industrial Sprinkler Corporation. This approach has been a cornerstone of its expansion over the decades.

Founding Family Involvement

Lee Anderson joined his father's business in 1964, playing a key role in the company's strategic direction. His involvement coincided with the initiation of the acquisition-focused growth strategy.

Corporate Restructuring

In 1997, APi Group, Inc. was formally established, with APi Construction continuing as a subsidiary. This period saw a significant ownership change when Lee Anderson sold the chain.

Shift in Ownership

Lee Anderson sold the chain in 1997 to Norwest Corp., reportedly realizing a substantial profit. He retained two banks under the Anderson Financial Corp. name, marking a transition from the initial private ownership structure.

Early Ownership Details

Specific details regarding early equity splits or shareholdings of the founders are not publicly available. The company's early growth was primarily driven by its consistent acquisition-based expansion strategy.

The foundational vision for APi Group was centered on expansion through strategic acquisitions, a principle that has consistently guided its development and shaped its corporate structure. This approach laid the groundwork for its evolution into a significant entity in its sector. Understanding the Revenue Streams & Business Model of APi Group provides further context on how this growth strategy has been sustained.

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The ownership structure of APi Group Corporation saw a significant shift following its acquisition by J2 Acquisition Limited. This transaction, completed on October 1, 2019, for approximately $2.9 billion, led to J2 Acquisition Limited being renamed APi Group Corporation and its subsequent listing on the New York Stock Exchange under the ticker 'APG' on April 29, 2020. This move transitioned the company from private to public ownership, broadening its investor base.

As of early 2025, APi Group Corporation's ownership is diversified across various investor types. Institutional investors collectively hold a dominant position, representing approximately 63.31% of the company's shares. Key institutional shareholders include The Vanguard Group, Inc., T. Rowe Price Group, Inc., Viking Global Investors LP, and BlackRock, Inc., with holdings as of March 31, 2025, and June 30, 2025, respectively. Individual insiders, comprising about 12.1% of the shares, include significant stakes held by management and board members. Martin Franklin, Co-Chairman of the Board and a co-founder of the acquiring entity, holds a notable 6.17% stake as of March 21, 2025. The CEO also maintains a direct ownership percentage. The remaining shares are distributed among hedge funds, private companies, state or government entities, and the general public, reflecting a broad ownership profile post-IPO.

Key APi Group Shareholders

Institutional investors are the largest group of APi Group shareholders. Major players like The Vanguard Group and BlackRock hold substantial stakes.

• The Vanguard Group, Inc. (8.32% as of March 31, 2025)
• T. Rowe Price Group, Inc. (8.31% as of March 31, 2025)
• Viking Global Investors LP (7.78%)
• BlackRock, Inc. (7.56% as of June 30, 2025)
• Individual insiders hold approximately 12.1%

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APi Group Corporation's Board of Directors is comprised of nine individuals elected to serve until the 2025 Annual Meeting of Shareholders. This board oversees the company's strategic direction and governance, with key figures like Sir Martin E. Franklin and James E. Lillie holding significant influence as co-founders of the entity that acquired APi Group.

The majority of APi Group's directors are considered independent, adhering to SEC rules and NYSE listing standards, with exceptions for Sir Martin Franklin due to advisory fees and Russell A. Becker as CEO. Thomas Milroy serves as the lead independent director, guiding the independent directors' efforts. The board operates through three key committees: Audit, Compensation, and Nominating and Corporate Governance. Voting power within APi Group generally follows a one-share-one-vote principle, where shareholders approve significant matters such as director elections and executive compensation. For instance, the executive compensation plan received an overwhelming 98.62% approval at the 2024 Annual Meeting. While specific details on dual-class shares are not publicly disclosed, the substantial holdings of individuals like Martin Franklin and the presence of major institutional investors shape the company's ownership structure and voting dynamics, influencing APi Group ownership and APi Group shareholders.

Board Independence and Committee Structure

APi Group's Board of Directors emphasizes independence, with most members meeting stringent criteria. This structure is supported by specialized committees that oversee critical governance functions.

• Majority of directors are independent.
• Key committees include Audit, Compensation, and Nominating/Corporate Governance.
• Thomas V. Milroy serves as Lead Independent Director.
• Director independence is assessed against SEC rules and NYSE standards.

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Over the past few years, APi Group Corporation has implemented several strategic initiatives that have influenced its ownership landscape. These developments include significant capital allocation programs and public offerings aimed at bolstering growth and shareholder value.

APi Group's ownership structure is predominantly characterized by institutional investors, reflecting a trend towards larger entities holding significant stakes. Key institutional holders as of July 2025 include Vanguard Group Inc., T. Rowe Price Associates Inc., and BlackRock, Inc. These major APi Group investors often prioritize long-term financial health and robust corporate governance. The company's active acquisition strategy, with 13 acquisitions totaling $821 million in 2024, primarily within its Safety Services segment, indicates a commitment to expanding its market presence and capabilities. These strategic moves, coupled with financial projections for 2025, including anticipated net revenues between $7,300 to $7,500 million and adjusted EBITDA between $970 to $1,020 million, suggest a dynamic approach to value creation that could impact its APi Group shareholders and overall APi Group company structure.

Capital Allocation Strategies

APi Group authorized a $1,000 million stock repurchase program in February 2024, repurchasing approximately $600 million in shares by February 2025. This demonstrates a focus on returning capital to APi Group shareholders.

Growth Through Acquisition

In 2024, APi Group completed 13 acquisitions totaling $821 million, significantly expanding its Safety Services segment. This aggressive M&A activity is a key driver of its APi Group acquisition history.

Institutional Investor Dominance

Major institutions like Vanguard Group Inc. and BlackRock, Inc. are among the largest APi Group stakeholders as of July 2025. This highlights the significant APi Group beneficial ownership held by institutional entities.

Financial Outlook and Ownership

Projected 2025 net revenues of $7,300 to $7,500 million and adjusted EBITDA of $970 to $1,020 million indicate a strong growth trajectory. This financial performance is closely monitored by APi Group investors and influences APi Group management team ownership decisions.

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