{
  "title": "Apollo acquires a stake in Apex Service Partners: terms and meaning",
  "url": "https://acquisitions.com/blog/apollo-acquires-stake-in-apex-service-partners/",
  "author": "Moran Pober",
  "publisher": "Acquisitions.com",
  "published": "2026-10-24",
  "updated": "2026-10-24",
  "section": "Deal reports",
  "keyword": "Apollo acquires a stake in Apex Service Partners",
  "short_answer": "On 28 May 2026 Apex Service Partners and Alpine Investors said funds managed by Apollo affiliates will buy a minority interest in Apex, and Alpine will invest more. Financial terms were not disclosed. Apex runs 75 local HVAC, plumbing and electrical brands in 46 states with over $3 billion of yearly revenue. Closing was expected in the fourth quarter of 2026.",
  "facts": {
    "Buyer": "Funds managed by affiliates of Apollo (\"Apollo Funds\"); existing investor Alpine Investors is also investing more",
    "Target": "Apex Service Partners, a residential HVAC, plumbing and electrical services platform founded in 2019",
    "Sector": "Home services: HVAC, plumbing and electrical",
    "Location": "Release datelined Tampa, Florida and Dallas-Fort Worth, Texas; brands in 46 states",
    "Price": "Not disclosed",
    "Structure": "Minority interest for Apollo Funds; additional investment by Alpine; management stays as partner",
    "Revenue": "More than $3 billion a year, per the release",
    "Employees": "More than 13,000, at 150+ locations",
    "Announced": "28 May 2026; expected to close in the fourth quarter of 2026",
    "Source": "Apollo press release"
  },
  "sources": [
    "https://www.apollo.com/insights-news/pressreleases/2026/05/apex-service-partners-and-alpine-investors-announce-strategic-mi",
    "https://dallasinnovates.com/dallas-based-apex-service-partners-gets-minority-investment-from-apollo-funds/"
  ],
  "license": "Facts may be quoted with attribution to Acquisitions.com and a link to the url above."
}