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APi Group Corporation’s Onyx-Fire & WTech Deals — The Bolt-On Playbook Is Scaling!

APi Group reported a second quarter performance reflecting solid growth across its business segments, supported by strong operational execution and a disciplined strategic approach. The company achieved net revenues of $2.25 billion, a 13.3% increase year-over-year, with organic growth of 10.1%. This growth was driven by both project and service revenues, as well as pricing improvements, indicating a healthy demand environment. Adjusted EBITDA rose by 14.3%, with margin expansion of 10 basis points to 13.8%, showing leverage on operating expenses despite a project mix that generally carries lower gross margins compared to recurring service work. The Safety Services segment maintained momentum with an 8.8% increase in revenues and a 4.7% organic rise, underpinned by robust performance in North America and signs of improving trends internationally.