Growth ProspectsShares of APG are expected to set up well for 2025 as organic growth returns to midsingle-digit territory with higher profitability.
Market PositionAPi Group (APG) is the #1 provider of Fire Protection services in the United States among a broader range of Life Safety and Specialty Contracting services.
Project PipelineThe backlog heading into 2025 is much stronger than it was heading into 2024.
ValuationPeer valuations suggest opportunity for multiple expansion, with potential for a mid-teens EV/EBITDA multiple.