L Squared Capital Partners Announces Pending Sale of Elevated to APi Group Corporation
L Squared Capital Partners (“L Squared”) announced today that APi Group Corporation (NYSE: APG) (“APi”), a global, market-leading business services provider of life safety, security, and specialty services has entered into a definitive agreement to acquire Elevated Facility Services (“Elevated” or “the Company”), a leading provider of elevator and escalator maintenance, repair, and modernization service.
- L Squared Capital Partners (“L Squared”) announced today that APi Group Corporation (NYSE: APG) (“APi”), a global, market-leading business services provider of life safety, security, and specialty services has entered into a definitive agreement to acquire Elevated Facility Services (“Elevated” or “the Company”), a leading provider of elevator and escalator maintenance, repair, and modernization service.
- The transaction is expected to close in Q2 2024 and is subject to customary closing conditions and the receipt of regulatory approval.
- “We are grateful for our highly successful partnership with Matt Biskaduros and the entire Elevated leadership team,” said Sean Barrette, Partner at L Squared.
- This strong organic growth was augmented by L Squared through the execution of an acquisition effort where we completed fifteen add-on acquisitions during our seven-year holding period.