What smart money is saying about APi Group
8 funds in our archive have pitched APi Group, most recently Cooke & Bieler Large Cap Value Equity Strategy in September 2026.
APi Group Corporation operates as a global enterprise offering vital safety, specialized infrastructure, and industrial services across North America, Europe, Australia, and the Asia-Pacific region. Its business activities are segmented into three primary divisions: Safety Services, Specialty Services, and Industrial Services. The Safety Services division delivers comprehensive safety solutions, with a particular focus on integrated occupancy systems. This encompasses the full lifecycle of services for fire protection, heating, ventilation, and air conditioning (HVAC), and entry systems, from their initial design and installation to ongoing inspection, monitoring, and maintenance. The Specialty Services segment is dedicated to the upkeep and enhancement of critical infrastructure, including subterranean electric, gas, water, sewer, and telecommunications networks, as well as specialized industrial facilities. This segment's offerings span a broad range of services, including engineering, design, fabrication, installation, and the modernization or upgrading of existing systems. Within the Industrial Services segment, APi Group provides a variety of solutions primarily to the energy industry, emphasizing transmission and distribution. Its services include the construction of pipeline infrastructure, access roads, and supporting facilities, alongside integrity management and maintenance to ensure the longevity and reliability of these assets. The company serves a diverse clientele that spans both public and private sectors. This extensive customer base includes commercial, industrial, and manufacturing operations, fulfillment and distribution centers, educational and healthcare institutions, telecommunications firms, utility providers, high-tech companies, entertainment venues, retailers, financial service organizations, and governmental entities. Formed in 1926, APi Group Corporation adopted its current name in October 2019, having previously been known as J2 Acquisition Limited. The company's corporate headquarters are situated in New Brighton, Minnesota.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
9 lettersToo few moves on APi Group yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q4 2026, 13 fund letters reported a position in APi Group, with 2 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 0 | 0 |
| Q3 2026 | 4 | 1 | 1 | 2 |
| Q2 2026 | 2 | 0 | 0 | 1 |
| Q4 2025 | 2 | 0 | 1 | 2 |
| Q3 2025 | 2 | 1 | 0 | 1 |
| Q2 2025 | 2 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 13 positions · 4 moves
- October 2026
“Our returns in Terravest, APi Group, Limbach, and Secure Waste each began with a judgment about the people as much as the business, and I suspect that will continue.”
APi Group - HoldsFindlay Park American FundSeptember 2026
“The Fund remains differentiated, with 87% active share and around 85% invested in businesses with physical competitive advantages. ITT, Teledyne and APi Group exemplify the combination of essential products, recurring demand and strong management we favour.”
APi Group - New positionCooke & Bieler Large Cap Value Equity StrategySeptember 2026
“Initiations APi Group (APG) is an acquisitive business services provider with expertise in re safety and security, along with a smaller specialty contracting unit servicing primarily telecom and utility companies.”
APi Group - TrimmedAve Maria Funds Multi-FundSeptember 2026
“During the quarter, the Fund exited its investment in Rambus and reduced existing positions in Entegris, Inc., BE Semiconductor Industries N.V., Lowe’s Companies, Inc., Mastercard, Inc., O’Reilly Automotive, Inc., S&P Global, Inc., Texas Instruments, Inc., Shift4 Payments, Inc. and APi Group Corporation.”
APi Group - September 2026
“APi Group APi Group provides fire protection, electronic security, elevator, and specialty infrastructure services.”
APi Group - HoldsAve Maria FundsJune 2026
Listed in Ave Maria Funds’s reported holdings.
APi Group - June 2026
“Special situations can sometimes create entries into high-quality companies that become core holdings. You may remember the set-up that led to our investment in APi Group (APG): A sub-$1bn market cap, pre-uplisting, U.S. Pink Sheet-traded stock, by way of a U.K. de-SPAC. We still own this stock over a half decade later.”
APi Group - ExitedTourlite CapitalDecember 2025
“In hindsight, part of the underperformance stemmed from recycling positions too early. APi Group in the fourth quarter of 2024 and Roivant in the middle of this year are notable examples.”
APi Group - December 2025
“While overall stock selection in industrials and health care weighed on results during the quarter, there were a number of encouraging areas of performance. In industrials, APi Group, a provider of safety and specialty services, continued to deliver steady execution, margin improvement and consistent compounding growth.”
APi Group - HoldsGreystone CapitalSeptember 2025
“As of the end of the quarter, our top five positions consisted of Natural Resource Partners, KITS Eyecare, APi Group, Medical Facilities Corp. and an undisclosed company.”
APi Group - New positionClearbridge Mid Cap Growth StrategySeptember 2025
“We also initiated a position in APi Group, in the industrials sector, which is a leading provider of safety, specialty and industrial services.”
APi Group - HoldsSouthernsun Smid CapJune 2025
“APi Group Corporation (APG), a leading provider of fire and life safety, security, elevator and escalator, and specialty services, was the top contributor in the SMID Cap strategy this quarter.”
APi Group - HoldsGreystone CMJune 2025
“APi Group (APG) Our investment in APG, our fire and life safety business, is a great example of our process identifying quality businesses with excellent management teams that are misunderstood and mispriced.”
APi Group
Also mentioned · 1
These funds discuss APi Group as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedGreystone Capital Partners LPJune 2026
“Consider our investments in Limbach, APi Group, Bel Fuse, and Secure Waste Infrastructure.”
APi Group
Fund coverage · 8 theses
- Cooke & Bieler Large Cap Value Equity StrategySeptember 2026
APi Group is a business services provider whose inspection-first strategy and acquisitions are increasing recurring, higher-margin revenue and should improve profitability.
Read the full thesis - Third Point Offshore Fund, Ltd.September 2026
APi Group is a fire protection and safety services compounder with recurring inspection-driven revenue, margin expansion potential, and a fragmented market for bolt-on acquisitions.
Read the full thesis - Greystone Capital Partners LPJune 2026
APi Group is a durable business whose mix shift toward recurring inspection and monitoring work increases margins, cash flow, and reduces cyclicality.
Read the full thesis - Aristotle Core EquityDecember 2025
APi Group is a global safety and infrastructure services provider with regulatory-driven recurring revenue, government-backed growth, acquisition-led expansion, and mid-teens earnings targets supporting a premium valuation.
Read the full thesis - Greystone Capital ManagementDecember 2025
APi Group is a mission-critical fire and life-safety services provider with resilient recurring revenue, strong cash generation, and earnings-driven upside toward 2028 targets.
Read the full thesis - Clearbridge Mid Cap Growth StrategySeptember 2025
APi Group is a leading provider of safety, specialty, and industrial services with strong growth potential due to its focus on fire protection and infrastructure services.
Read the full thesis - Greystone CMJune 2025
APG is a misunderstood and mispriced leader in fire and life safety, expected to deliver 15-25% annual returns through organic growth and strategic acquisitions, supported by strong management and significant free cash flow potential.
Read the full thesis - Maran CapitalDecember 2024
APi Group is a promising long-term investment with growth potential, driven by management incentives and strategic business segment changes.
Read the full thesis
Read every full thesis on APi Group
Read all 8 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→