APi Group Corp (NYSE: APG) is a specialty services company that provides safety, specialty, and industrial services primarily to commercial, industrial, and institutional customers. Revenue is generated through project-based and recurring service contracts, with recurring inspection and service work forming a meaningful portion of the business mix. APi Group was incorporated in Delaware and operates principally through its Safety Services and Specialty Services segments as disclosed in its 10-K filed February 25, 2026 (accession 000162828026011620) for fiscal year ended December 31, 2025. The company operates across North America and internationally, delivering fire protection, life safety, HVAC, and related specialty contracting services. Service and inspection work creates repeat revenue tied to code compliance requirements and building maintenance cycles.

Revenue model

Project-based and recurring service contracts across fire protection, life safety, and specialty contracting. Inspection and service agreements generate recurring revenue; construction and installation projects generate transactional revenue.

Products and services

Fire protection and life safety systems, HVAC services, specialty mechanical and industrial services, inspection and maintenance contracts.

Customers and end markets

Commercial, industrial, and institutional building owners and operators. End markets include commercial real estate, healthcare, education, industrial facilities, and infrastructure.

Value-chain role

Service contractor and systems installer; provides installation, inspection, testing, and maintenance of safety and specialty systems.

Geographic exposure

Primarily North America with international operations, as referenced in the 10-K filed February 25, 2026.

Source: SEC 10-K, filed 2026-02-25

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