Chubb Acquisition
O
Chubb Acquisition
Chubb Meets Our Stated Investment Criteria
Market Leaders in
Niche Markets
☑
Combination forms a
leading life safety
services provider
Leading fire and security
market positions in each
of top 6 geographies (1)
Global trusted brand
boasting strong, tenured
customer relationships
History of Strong
Free Cash Flow
Generation
$
Low capital intensity
business, with strong free
cash flow conversion
Stable margin profile with
organic expansion
opportunity
Over 60% of Chubb's
revenue is recurring
in nature
KEY INVESTMENT CRITERIA
Experienced
Management Team
Incentivized and aligned
leadership team with
performance culture
consistent with APi
Re-energized team as
business shifts from non-
core to strategic priority
Robust entrepreneurial
spirit at branch level
Recurring Revenue
Profile with Diversified
End Market Exposure
до
Recurring revenue base,
with long-term visibility
Well diversified across
geographies, end markets,
and clients
Product-agnostic
service offerings and
strong relationships with
key OEMs
Value
Accretive
Compelling valuation at
13.9x LTM 6/30/2021
Adjusted EBITDA
excluding synergies
Transaction is expected to
be immediately accretive
to API
Meaningful revenue and
cost synergy opportunities
Chubb is an iconic, market-leading safety brand globally with a 200+ year history of
providing statutorily required and route-based services
(1) Top six markets are France, UK/Ireland, Australasia (includes Australia and New Zealand), Canada, Hong Kong / China / Macau and Benelux (includes Netherlands and Belgium).
BUILDING GREAT LEADERS®
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API
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