By Kelly Cloonan
APi Group raised its guidance for the year after it closed its acquisition of WTech Fire Group.
The business services company said it now expects revenues of $8.66 billion to $8.86 billion for 2026, up from its prior guidance of $8.58 billion to $8.78 billion.
It now forecasts adjusted earnings before interest, taxes, depreciation and amortization of $1.18 billion to $1.24 billion, up from $1.17 billion to $1.23 billion previously.
The updated guidance factors in the expected contribution from WTech for the remainder of the year. APi expects WTech to contribute about $175 million in annual revenue.
APi closed the acquisition of WTech on July 1. WTech provides fire sprinkler, suppression and detection solutions across Europe, adding to APi's international fire and life safety business.
Write to Kelly Cloonan at kelly.cloonan@wsj.com