APi Group Corp (APG) has provided preliminary expectations for Q2 2023, expecting adjusted EBITDA to be at or above the midpoint of the previously announced guidance of $195 million to $205 million. The company also expects high single-digit organic net revenue growth, margin expansion, and improved FCF conversion. APG recently concluded a strategic acquisition in the Safety Services segment for around $35 million and plans to acquire at least two more businesses in the same segment in Q3. These acquisitions are expected to contribute around $35 million in annualized net revenue in 2024.