Tag: APi Group Corp.
APi Group to buy Chubb Fire & Security Business for $3.1B
July 27, 2021SSN Staff
NEW BRIGHTON, Minn.—APi Group Corp. announced that it has entered into a definitive agreement to acquire the Chubb Fire & Security Business from Carrier Global Corp. for an enterprise value of $3.1 billion, which is comprised of $2.9 billion cash and approximately $200 million of assumed liabilities and other adjustments.
Headquartered in the United Kingdom, Chubb has approximately 13,000 employees globally and a sales and service network spanning 17 countries serving more than 1.5...