APi Group to acquire Onyx-Fire Protection Services

APi Group (APG) announced that it has entered into a definitive agreement to acquire Onyx-Fire Protection Services, an inspection-first provider of fire and life safety services in Canada, from funds managed by Blackstone Tactical Opportunities. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including receipt of required regulatory approvals. Russ Becker, APi’s President and Chief Executive Officer, stated: “We are excited to welcome the Onyx-Fire team to the APi family. Onyx-Fire has built a strong business that is inspection-first at its core, with outstanding people, a great culture, and a loyal, diversified customer base. Canada is a large, highly fragmented, and fast-growing fire and life safety market. This acquisition is a meaningful step forward in our North American growth strategy. Bryan Chew, the CEO of Onyx-Fire, is a proven leader. We look forward to working with Bryan and all of the teammates at Onyx-Fire as they continue to focus on growing organically and through acquisitions in the Canadian market.”