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NEWS RELEASE APi GROUP API Group Reports Third Quarter and Nine Month 2021 Financial Results 11/10/2021 Net revenues increased on an organic basis by 13 % in the third quarter , excluding Industrial Services Reported and adjusted gross margin expansion of 90 and 34 basis points , respectively , for the third quarter Acquisition of Chubb fire and security business on track to close around year - end 2021 API Group Corporation ( NYSE : APG ) ( " APG " , " API " or the " Company " ) today reported its financial results for the three and nine months ended September 30 , 2021 . Third Quarter 2021 Highlights : • Reported net revenues increased by 9.3 % or $ 89 million to $ 1.0 billion compared to $ 958 million in the prior year period , driven by strong growth in Safety and Specialty Services and revenue from acquisitions completed in the prior twelve months in Safety Services , partially offset by the anticipated decline in Industrial Services • Adjusted net revenues increased by 9.9 % or $ 94 million to $ 1.0 billion , compared to $ 953 million in the prior year period , driven by strong growth in Safety and Specialty Services , partially offset by the anticipated decline in Industrial Services • • Net revenues increased on an organic basis by 13.4 % compared to the prior year period , excluding Industrial Services Reported gross margin was 24.1 % , representing a 90 basis point increase compared to prior year period gross 1