Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>APi Group reported a solid start to fiscal year 2026, demonstrating robust revenue growth and margin expansion across its core segments, Safety Services and Specialty Services, supported by a disciplined operational approach and active merger and acquisition (M&A) strategy.</li><li>The company recorded net revenues of $1.98 billion in the first quarter, marking a 15.3% year-over-year increase, driven by 10.4% organic growth.</li><li>This growth was fueled primarily by inspection, service, and monitoring revenues alongside project activity, with pricing improvements contributing to the topline.</li></ul>

APi Group reported a solid start to fiscal year 2026, demonstrating robust revenue growth and margin expansion across its core segments, Safety Services and Specialty Services, supported by a disciplined operational approach and active merger and acquisition (M&A) strategy.The company recorded net revenues of $1.98 billion in the first quarter, marking a 15.3% year-over-year increase, driven by 10.4% organic growth.This growth was fueled primarily by inspection, service, and monitoring revenues alongside project activity, with pricing improvements contributing to the topline.

APi Technologies: How CertaSite, Wtech, and Onyx Could Accelerate the Next Growth Chapter!

<ul><li>APi Group has entered a new phase in its expansion strategy with a definitive agreement to acquire Ireland-based Wtech Fire Group, a provider of fire protection, suppression, and detection solutions across Europe.</li><li>The proposed transaction, announced on April 17, 2026, is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals.</li><li>On the surface, Wtech is a relatively modest addition, expected to contribute about $175 million in annual revenue with margins broadly consistent with APi’s international business.</li></ul>

APi Group has entered a new phase in its expansion strategy with a definitive agreement to acquire Ireland-based Wtech Fire Group, a provider of fire protection, suppression, and detection solutions across Europe.The proposed transaction, announced on April 17, 2026, is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals.On the surface, Wtech is a relatively modest addition, expected to contribute about $175 million in annual revenue with margins broadly consistent with APi’s international business.

APi Group’s Europe Power Play Could Change Everything!

<ul><li>APi Group Corporation reported a strong set of financial results for the fourth quarter and full year ending December 31, 2025.</li><li>During this period, the company exhibited robust growth in both revenue and profitability, reflective of its strategic focus on expanding its service offerings and executing accretive mergers and acquisitions (M&A).</li><li>For the full year 2025, APi’s net revenues rose significantly from $3.9 billion in 2021 to $7.9 billion, demonstrating the impact of its vigorous growth initiatives.</li></ul>

APi Group Corporation reported a strong set of financial results for the fourth quarter and full year ending December 31, 2025.During this period, the company exhibited robust growth in both revenue and profitability, reflective of its strategic focus on expanding its service offerings and executing accretive mergers and acquisitions (M&A).For the full year 2025, APi’s net revenues rose significantly from $3.9 billion in 2021 to $7.9 billion, demonstrating the impact of its vigorous growth initiatives.

<ul><li>In a season crowded with earnings calls, margin debates, and cautious optimism, one headline stood out: APi Group has signed an agreement to acquire CertaSite, a Midwest-based fire and life safety services provider.</li><li>The deal, expected to close in Q1 2026 pending regulatory approval, marks another strategic step in APi Group's larger playbook—its 10/16/60+ value creation framework.</li><li>With CertaSite projected to bring in $90 million in revenue for 2025 and described as "accretive," APi is making it clear this isn’t a one-off.</li></ul>

In a season crowded with earnings calls, margin debates, and cautious optimism, one headline stood out: APi Group has signed an agreement to acquire CertaSite, a Midwest-based fire and life safety services provider.The deal, expected to close in Q1 2026 pending regulatory approval, marks another strategic step in APi Group's larger playbook—its 10/16/60+ value creation framework.With CertaSite projected to bring in $90 million in revenue for 2025 and described as "accretive," APi is making it clear this isn’t a one-off.

APi Group Just Made a Bold Bet—The CertaSite Acquisition Explained!

<ul><li>APi Group Corporation's third quarter 2025 financial results showcase a robust performance, highlighted by strong revenue growth and strategic investments in technology and acquisitions.</li><li>The company achieved a 14% increase in net revenues, with organic growth contributing approximately 10%, across both its Safety Services and Specialty Services segments.</li><li>This growth was supported primarily by double-digit expansion in inspection, service, and monitoring revenues in North America, marking the 21st consecutive quarter of such growth.</li></ul>

APi Group Corporation's third quarter 2025 financial results showcase a robust performance, highlighted by strong revenue growth and strategic investments in technology and acquisitions.The company achieved a 14% increase in net revenues, with organic growth contributing approximately 10%, across both its Safety Services and Specialty Services segments.This growth was supported primarily by double-digit expansion in inspection, service, and monitoring revenues in North America, marking the 21st consecutive quarter of such growth.

APi Group Expands Across Aviation, Healthcare, & Infrastructure; What Lies Ahead?

United States

APi Group Corporation is a business services provider of safety, specialty and industrial services globally, with a focus on North America. APi provides statutorily mandated services to long-standing customers across industries.

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APi Group (APG US)

APi Technologies: How CertaSite, Wtech, and Onyx Could Accelerate the Next Growth Chapter!

APi Group reported a solid start to fiscal year 2026, demonstrating robust revenue growth and margin expansion across its core segments, Safety...

Baptista Research

APi Group’s Europe Power Play Could Change Everything!

APi Group has entered a new phase in its expansion strategy with a definitive agreement to acquire Ireland-based Wtech Fire Group, a provider of...

Baptista Research

APi Group: Expanding Into Semiconductors

APi Group Corporation reported a strong set of financial results for the fourth quarter and full year ending December 31, 2025. During this...

Baptista Research

APi Group Just Made a Bold Bet—The CertaSite Acquisition Explained!

In a season crowded with earnings calls, margin debates, and cautious optimism, one headline stood out: APi Group has signed an agreement to...

Baptista Research

APi Group Expands Across Aviation, Healthcare, & Infrastructure; What Lies Ahead?

APi Group Corporation's third quarter 2025 financial results showcase a robust performance, highlighted by strong revenue growth and strategic...

Baptista Research

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