ACQUIRED · 2023
Who Acquired Apex Service Partners (Continuation Fund)?
Alpine Investors (Continuation Fund) · $3.40B
The acquisition
Apex Service Partners (Continuation Fund) (Tampa, FL) was acquired by Alpine Investors (Continuation Fund) in 2023 for $3.40B. Largest residential HVAC, plumbing, and electrical roll-up in the US with 107+ brands. at 2.60× revenue.
Apex Service Partners (Continuation Fund) at time of acquisition
Revenue
$1300.0M
Deal value
$3.40B
Similar hvac acquisitions
- Champions Group · acquired by Blackstone (BXPE) in 2026 · $2.50B
- Redwood Services · acquired by Altas Partners in 2025 · $1.10B
- Consolidated Mechanical, Inc. · acquired by Limbach Holdings (NYSE: LMB) in 2024 · $23.0M
- J & S Mechanical Contractors, Inc. · acquired by Comfort Systems USA in 2024 · $120.0M
- Sila Services · acquired by Goldman Sachs Alternatives in 2024 · $1.70B
Run a valuation for a similar hvac business
Three fields, instant range, backed by 25,592 real M&A transactions including this one.
Open the hvac calculator →More on hvac valuations
- Hvac valuation calculator· head-term variant
- Hvac median multiples· real-deal benchmarks
- How to value a hvac· long-form guide
Sourced from Alpine Investors Press Release / BusinessWire. Primary source. Full deal page.
Citation: ExitValue.ai. (2023). Apex Service Partners (Continuation Fund) acquired by Alpine Investors (Continuation Fund). https://exitvalue.ai/acquired/apex-service-partners-continuation-fund