US-listed safety services corporation APi Group has entered a definitive agreement to acquire Onyx-Fire Protection Services Inc., one of Canada's leading inspection-first fire and life safety providers, in a move that extends the buyer's North American footprint.

According to Business Wire, the transaction is expected to close in the second quarter of 2026, subject to regulatory approvals. Onyx-Fire is headquartered in Mississauga, Ontario, and operates 18 branches across Canada.

Founded in 1988, Onyx-Fire has built a diversified customer base with more than 50% of revenues derived from inspection, service and monitoring activities. The business is expected to contribute approximately $190 million (approximately €161m) in annual revenue to APi Group.

APi said the acquisition complements its position as a provider of safety services focused on non-discretionary, regulatory-driven, recurring revenue opportunities. The deal is expected to be accretive to the company's "10/16/60+" shareholder value creation strategy.

"We are excited to welcome the Onyx-Fire team to the APi family," said Russ Becker, APi's president and chief executive officer. "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."

Onyx-Fire chief executive Bryan Chew said the partnership would strengthen the business while preserving its culture. "Our technicians are on the front lines every day, protecting lives and property across Canada, and they will now do that work as part of a global, market-leading fire and life safety organisation," he said.

Onyx-Fire was previously held by funds managed by Blackstone Tactical Opportunities.

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