Professional
Added to YB: 2024-02-16
Pitch date: 2024-01-25
APG [bullish]
APi Group Corporation
+83.18%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
APi Group Corporation provides safety and specialty services worldwide. The company offers end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, elevators, and escalators, including design, installation, inspection, and service of these integrated systems.
Market Cap
$15.5B
Pitch Price
$21.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.94
P/E
103.07
EV/Sales
2.36
Sector
Construction and Engineering
Category
growth
Greenhaven Road Capital Portfolio Holding - $APG
APG: Dominant fire protection firm w/ 5% share in fragmented market. Resilient biz: >50% revenue recurring (inspections, servicing, monitoring), targeting 60%+. Integrating M&A for organic growth via enhanced customer acquisition, route density, supply chain mgmt. EU deal + 2.5x debt opens strategic M&A. Margins expanding thru ops efficiency. Returns driven by organic & M&A growth + potential multiple expansion.
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