Apex Service Partners at a glance
Who owns Apex Service Partners
Alpine Investors launched Apex in July 2019. In October 2023 Alpine closed a $3.4 billion single-asset continuation vehicle dedicated to Apex. In May 2026 Apex and Alpine announced that Apollo funds agreed to buy a minority stake, with Alpine investing more; closing was expected in Q4 2026.
Trades, footprint and model
Trades: HVAC, plumbing, electrical (residential)
Footprint: 75 local brands across 46 states, 13,000+ employees and 8,000+ technicians, per the May 2026 announcement.
Model: Apex buys majority stakes in local residential service companies and keeps their local brands. Its founding partners were Frank Gay Services (Orlando) and Best Home Services (Naples).
Dated timeline
| Date | Event | Source |
|---|---|---|
| 2019-07-29 | Alpine Investors launches Apex with Frank Gay Services and Best Home Services | |
| 2023-10-25 | Alpine closes $3.4B single-asset continuation transaction for Apex; Alpine Fund IX invests $450M alongside | |
| 2024-01 | Apex acquires Frontier Service Partners from Imperial Capital | |
| 2026-05-28 | Apollo funds agree to acquire a minority stake; Alpine makes an additional investment |
What they say they look for
At launch, Apex said it wanted to partner with established, founder-led service providers with strong local reputations. It does not publish size criteria on the pages we could access.
Questions to ask if Apex Service Partners approaches you
- Platform or add-on?
It sets the multiple range. Ask directly which one you would be.
- Cash at close vs rollover vs earn-out
Get the split in dollars. Ask how rollover equity is valued and when it can be sold. See rollover equity.
- Your role and for how long
Employment term, non-compete length and territory, and what happens if you leave early.
- What happens to your brand, people and customers
Get commitments on staff pay, benefits and brand in writing if they matter to you.
- Sponsor timeline
When did the current owner invest, and when do they expect to sell? It affects your rollover payout.
Comparable acquirers
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Frequently asked questions
Who owns Apex Service Partners?
Alpine Investors launched Apex in July 2019. In October 2023 Alpine closed a $3.4 billion single-asset continuation vehicle dedicated to Apex. In May 2026 Apex and Alpine announced that Apollo funds agreed to buy a minority stake, with Alpine investing more; closing was expected in Q4 2026.
Is TradeExit Guide affiliated with Apex Service Partners?
No. We have no relationship with any acquirer and take no fees from buyers or sellers.
Sources
- Apex Service Partners - Alpine Investors launches Apex with Frank Gay Services and Best Home S (accessed 2026-09-23)
- Apex Service Partners - Alpine closes $3.4B single-asset continuation transaction for Apex; Al (accessed 2026-09-23)
- Apex Service Partners - Apex acquires Frontier Service Partners from Imperial Capital (accessed 2026-09-23)
- Apex Service Partners - Apollo funds agree to acquire a minority stake; Alpine makes an additi (accessed 2026-09-23)