Business
Apollo Global Management : Apex Service Partners and Alpine Investors Announce Strategic Minority Investment from Apollo Funds in Apex
Apollo Global Management : Apex Service Partners and Alpine Investors Announce Strategic Minority Investment from Apollo Funds in
About this update from Apollo Global Management, Inc. (new)
[{"type":"text","content":"\n \n TAMPA, FL and DALLAS-FORT WORTH, TX - (May 28, 2026) - Apex Service Partners (\"Apex\"), the nation's largest residential HVAC, plumbing and electrical services business, today announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo (\"Apollo Funds\"), under which Apollo Funds will acquire a minority interest in Apex. Apollo Funds will partner with Apex's management team and existing investor, Alpine Investors (\"Alpine\"), which is also making an additional investment in Apex to support the company's continued growth. Financial terms of the transaction were not disclosed.\n \n \n Apex was founded in 2019 with a mission to elevate the essential home services industry by investing in tradespeople, supporting local brands and delivering exceptional service to customers. Today, the company operates 75 prominent local brands across 46 states, with more than 13,000 employees and has served over 16 million homes. Its differentiated talent acquisition and development programs have supported over 8,000 technicians and placed over 300 Apex-trained operating leaders, contributing to industry-leading customer and employee net promoter scores.\n \n \n \"Seven years ago, our team founded Apex on a simple conviction that the best way to build a national platform in the trades is to invest deeply in the people who power it,\" said AJ Brown and Will Matson, co-Chief Executive Officers of Apex. \"The platform we've built alongside Alpine, and the results our teams have delivered for technicians and homeowners across the country, validate that belief. Apollo is a value-add capital partner with a shared commitment to accelerate what is already working as we pursue our mission of transforming the trades through the industry's strongest business-one we've built to thrive for decades and to meaningfully improve the lives of tradespeople and the communities they serve.\"\n \n \n The investment will support Apex's next phase of growth as the company continues to expand its national footprint, deepen its multi-trade service offerings and advance the technology and talent infrastructure that underpin its operating model.\n \n \n \"The Apex team has demonstrated the power of exceptional leadership and commitment to a clear, long-term vision: become the trusted partner of choice for the best local operator...