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APi Group completes joinder of Onyx-Fire to its existing credit facilities and debt programs

On August 7, 2026, APi Group Corporation completed the joinder of the entities acquired as part of its acquisition of Onyx-Fire Protection Services to APi's existing credit facilities and debt programs. The joinder brought the newly acquired Onyx-Fire entities into APi's established financing arrangements, aligning the Canadian operations with the parent company's broader debt structure following the completion of the acquisition. APi Group, headquartered in New Brighton, Minnesota, is a business services provider of safety and specialty services, including fire and life safety, security, elevator and escalator, and specialty services, with a substantial recurring revenue base and more than 500 locations worldwide. Onyx-Fire, headquartered in Mississauga, Ontario, is a Canadian commercial fire protection and life safety services company. APi Group had closed its acquisition of Onyx-Fire on June 8, 2026, purchasing the business from funds managed by Blackstone Tactical Opportunities in a transaction first announced on April 23, 2026. Onyx-Fire, founded in 1988, operates 18 branches across Canada and is an inspection-first provider of fire and life safety services, with more than half of its revenues derived from inspection, service, and monitoring; it is expected to contribute approximately US$190 million in annual revenue to APi. The joinder involved the provinces of Ontario, Alberta, British Columbia, and Québec, reflecting the multi-jurisdictional footprint of the acquired Canadian operations within APi's financing framework.

Company

APi Group Corporation

Company

Onyx-Fire Protection Services Inc.

Law Firm / Organization
McCarthy Tétrault LLP
Financing/Investment
Other
Undisclosed/Confidential
Closed
07 August 2026