<SEC-DOCUMENT>0001213900-26-003028.txt : 20260109
<SEC-HEADER>0001213900-26-003028.hdr.sgml : 20260109
<ACCEPTANCE-DATETIME>20260109172426
ACCESSION NUMBER:		0001213900-26-003028
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260109
DATE AS OF CHANGE:		20260109

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APi Group Corp
		CENTRAL INDEX KEY:			0001796209
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-TO DWELLINGS & OTHER BUILDINGS [7340]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				981510303
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91491
		FILM NUMBER:		26524014

	BUSINESS ADDRESS:	
		STREET 1:		C/O API GROUP, INC.
		STREET 2:		1100 OLD HIGHWAY 8 NW
		CITY:			NEW BRIGHTON
		STATE:			MN
		ZIP:			55112
		BUSINESS PHONE:		651-636-4320

	MAIL ADDRESS:	
		STREET 1:		C/O API GROUP, INC.
		STREET 2:		1100 OLD HIGHWAY 8 NW
		CITY:			NEW BRIGHTON
		STATE:			MN
		ZIP:			55112

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN MARTIN E
		CENTRAL INDEX KEY:			0000940603
		ORGANIZATION NAME:           	
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	MAIL ADDRESS:	
		STREET 1:		C/O MARIPOSA CAPITAL, LLC
		STREET 2:		5200 BLUE LAGOON DRIVE, SUITE 855
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33126
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: FRANKLIN MARTIN E -->
          <cik>0000940603</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>10</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <dateOfEvent>12/31/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001796209</issuerCIK>
        <issuerCUSIP>00187Y100</issuerCUSIP>
        <issuerName>APi Group Corporation</issuerName>
        <address>
          <com:street1>1100 Old Highway 8 NW</com:street1>
          <com:city>New Brighton</com:city>
          <com:stateOrCountry>MN</com:stateOrCountry>
          <com:zipCode>55112</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Mariposa Acquisition IV, LLC</personName>
          <personPhoneNum>(786) 482-6333</personPhoneNum>
          <personAddress>
            <com:street1>c/o Mariposa Capital, LLC</com:street1>
            <com:street2>500 South Pointe Drive, Suite 240</com:street2>
            <com:city>Miami Beach</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33139</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0000940603</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Sir Martin E. Franklin</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X0</citizenshipOrOrganization>
        <soleVotingPower>55536501.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>33089118.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>55536501.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>12.7</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Mariposa Acquisition IV, LLC</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>6137000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>6137000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>6137000.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>1.4</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001725761</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>MEF Holdings, LLLP</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>24240426.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>24240426.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>24240426.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>5.6</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Brimstone Investments LLC</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>2711692.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2711692.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>2711692.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0.63</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.0001 per share</securityTitle>
        <issuerName>APi Group Corporation</issuerName>
        <issuerPrincipalAddress>
          <com:street1>1100 Old Highway 8 NW</com:street1>
          <com:city>New Brighton</com:city>
          <com:stateOrCountry>MN</com:stateOrCountry>
          <com:zipCode>55112</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 10 (the "Amendment") amends the Statement on Schedule 13D, initially filed with the Securities and Exchange Commission (the "Commission") on April 29, 2020 (as amended by Amendment No. 1, filed on January 5, 2021, Amendment No. 2, filed on September 20, 2021, Amendment No. 3, filed on January 5, 2022, Amendment No. 4, filed on January 3, 2024, Amendment No. 5, filed on April 19, 2024, Amendment No. 6, filed on November 14, 2024, Amendment No. 7, filed on January 3, 2025, Amendment No. 8, filed on November 5, 2025, and Amendment No. 9, filed on January 2, 2026, the "Statement") with respect to the common stock, par value $0.0001 per share (the "Common Stock"), of APi Group Corporation, a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 1100 Old Highway 8 NW, New Brighton, MN 55112. Unless specifically amended hereby, the disclosure set forth in the Statement shall remain unchanged. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings set forth in the Statement.</commentText>
      </item1>
      <item5>
        <percentageOfClassSecurities>Paragraphs (a) - (b) of the Statement are hereby amended and restated in their entirety as follows:

(a)-(b) As of the date hereof, Sir Martin beneficially owns 55,536,501 shares of Common Stock (which includes Series A Preferred Stock convertible into Common Stock within 60 days) consisting of

- sole power to vote, or to direct the vote and sole power to dispose, or to direct the disposition of, 33,089,118 shares of Common Stock (which includes 4,000,000 shares of Series A Preferred Stock convertible into 6,000,000 shares of Common Stock within 60 days) controlled or held, directly or indirectly, by one or more of the Franklin Reporting Persons; and

- sole power to vote, or to direct the vote, of 22,447,383 shares of Common Stock pursuant to the Proxy Agreement.

The shares beneficially owned by Sir Martin consist of (i) 24,240,426 shares of Common Stock held directly by MEF Holdings (or approximately 5.6%), (ii) 2,711,692 shares of Common Stock held directly by Brimstone (or approximately 0.63%), (iii) 4,000,000 shares of Series A Preferred Stock held by Mariposa that are convertible at any time at the option of the holder into 6,000,000 shares of Common Stock and 137,000 shares of Common Stock held directly by Mariposa (or approximately 1.4% in the aggregate), and (iv) 22,447,383 shares of Common Stock which Sir Martin has the sole power to vote pursuant to the Proxy Agreement (or approximately 5.2%) (after giving effect to the disposition of shares of Common Stock subject to the Proxy Agreement). The percentages are calculated pursuant to Rule 13d-3(d) of the Exchange Act.</percentageOfClassSecurities>
        <numberOfShares>See Item 5 (a).</numberOfShares>
        <transactionDesc>Paragraph (c) of the Statement is amended to add the following: On December 31, 2025, MEF Holdings LLLP gifted 499,680 shares of Common Stock to a 501(c)(3) private charitable foundation following which it no longer had any voting or dispositive power over such shares of Common Stock.</transactionDesc>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Sir Martin E. Franklin</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Martin E. Franklin</signature>
          <title>Sir Martin E. Franklin</title>
          <date>01/09/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Mariposa Acquisition IV, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Martin E. Franklin</signature>
          <title>Sir Martin E. Franklin/Manager</title>
          <date>01/09/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>MEF Holdings, LLLP</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Martin E. Franklin</signature>
          <title>MEF Holdings, LLC, its general partner By: Mariposa Capital, LLC, the manager of MEF Holdings, LLC; Name: Sir Martin E. Franklin Title: CEO</title>
          <date>01/09/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Brimstone Investments LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Martin E. Franklin</signature>
          <title>Sir Martin E. Franklin/Manager</title>
          <date>01/09/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
