M&A TRANSACTION · 2023
Apex Service Partners (Continuation Fund) acquired by Alpine Investors (Continuation Fund)
$3.40B· 2.60x revenue
Target
Apex Service Partners (Continuation Fund)
Tampa, FL
Largest residential HVAC, plumbing, and electrical roll-up in the US with 107+ brands
Acquirer
Alpine Investors (Continuation Fund)
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$1300.0M
EBITDA
—
Deal Value
$3.40B
EV/EBITDA
—
Context
This $3.40B acquisition of Apex Service Partners (Continuation Fund) by Alpine Investors (Continuation Fund) sits in the hvac sub-vertical. Alpine Investors (Continuation Fund) is acquiring as a private equity buyer; see how PE acquirers typically price hvac businesses on our Hvac PE buyer-pool page.
Source
Data sourced from Alpine Investors Press Release / BusinessWire — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
Value your own hvac
Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.
Compare your business to the Apex Service Partners (Continuation Fund) acquisition.