M&A TRANSACTION · 2024
Elevated Facility Services Group acquired by APi Group Corporation
$570.0M· 12.9x EBITDA· 2.60x revenue
Target
Elevated Facility Services Group
Tampa, Florida
Leading independent provider of elevator and escalator maintenance, repair, and modernization services across 18+ states
Acquirer
APi Group Corporation
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$220.0M
EBITDA
$44.0M
Deal Value
$570.0M
EV/EBITDA
12.9x
Context
This $570.0M acquisition of Elevated Facility Services Group by APi Group Corporation sits in the specialty contractor sub-vertical. The 12.9x EBITDA multiple paid in 2024 can be compared against the population median for specialty contractor transactions of similar size on our Specialty Contractor valuation hub. APi Group Corporation is acquiring as a strategic buyer; see how strategic acquirers typically price specialty contractor businesses on our Specialty Contractor strategic buyer-pool page.
Source
Data sourced from Press releases — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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