APi Group, a parent company to more than 40 independently managed companies, completed the acquisition of Chubb Fire & Security, a fire safety and security provider, from Carrier Global, an American multinational home appliances corporation, for $3.1bn. "The acquisition of Chubb transforms APi into the world’s leading life safety services provider. We believe the transaction will be highly accretive with significant synergy opportunities. Together, the business can move faster and more efficiently, globally leveraging the expertise and ability of our combined 26k dedicated and talented employees," Martin E. Franklin, APi Co-Chair.