Apex Service Partners Secures Apollo Investment to Support Growth
Key Highlights
- Apex Service Partners is expanding its national footprint with support from Apollo Funds and Alpine Investors.
- The company operates 75 local brands across 46 states and employs over 13,000 technicians.
- The investment aims to enhance workforce development, technology, and multi-trade service offerings.
TAMPA, Florida & DALLAS & FORT WORTH, Texas — Apex Service Partners, a residential HVAC, plumbing, and electrical services company, announced it has entered into a definitive agreement with funds managed by affiliates of Apollo to acquire a minority interest in the business.
Under the agreement, Apollo Funds will join Apex's existing investor, Alpine Investors, which is also making an additional investment in the company. Financial terms of the transaction were not disclosed.
The investment is intended to support Apex's next phase of growth, including expansion of its national footprint, development of multi-trade service offerings, and continued investment in technology and workforce infrastructure.
Founded in 2019, Apex operates 75 local brands across 46 states and employs more than 13,000 people. According to the company, it has served more than 16 million homes and developed talent programs that have supported more than 8,000 technicians and trained more than 300 operating leaders.
AJ Brown and Will Matson, co-CEOs of Apex, said the company plans to continue investing in the people and systems that support its operations. They noted that Apollo's investment aligns with Apex's long-term strategy of expanding its platform while supporting technicians, local service brands, and customers.
For HVAC contractors and home service businesses, the transaction reflects continued investor interest in the residential trades sector, particularly companies focused on workforce development, operational scale, and technology-enabled growth.
Graham Weaver, founder and CEO of Alpine Investors, said Apex has built a national platform by partnering with local operators and executing a long-term growth strategy. Alpine will remain an investor in the company following the transaction.
Munesh Advani, managing director at Apollo, said the firm sees continued opportunity in essential home services and plans to support Apex's investments in workforce development, operational capabilities, and customer experience.
The transaction remains subject to customary closing conditions and is expected to be completed during the fourth quarter of 2026.
Goldman Sachs and Evercore served as financial advisors to Apex and Alpine, while Kirkland & Ellis acted as legal counsel. William Blair and J.P. Morgan served as financial advisors to Apollo, with Akin providing legal counsel.