Alpine Investors has announced the launch of Apex Service Partners, a new platform set to revolutionize the home and commercial services industry. This strategic move is anchored by partnerships with two leading companies: Frank Gay Services, based in Orlando, Florida, and Best Home Services, located in Naples, Florida. This initiative signals Alpine’s significant investment and vision to build a national powerhouse in the HVAC, plumbing, and electrical services sectors.
Alpine Investors, a private equity firm known for its people-centric approach and focus on building enduring companies, is leveraging its deep industry expertise to propel Apex Service Partners to the forefront of the market. Daniel Cohen, Vice President at Alpine, emphasized the firm’s commitment to rapid growth, stating, “Alpine has extensive experience in the HVAC, plumbing, and electrical services space and we are excited to apply our expertise to quickly grow Apex into a market leader.” The foundation laid by Best Home Services and Frank Gay Services is poised to attract other founders seeking a strong growth partner, making Apex Service Partners an appealing prospect for businesses looking to expand their reach and capabilities.
With a robust financial commitment of at least $100 million in equity capital over the next five years, Alpine’s strategy for Apex Service Partners mirrors their successful approach with the Wrench Group. This previous venture demonstrated Alpine’s ability to scale a service platform to over $150 million in revenue, culminating in a successful acquisition by Investcorp in 2016. This proven track record underscores the potential and ambition behind Apex Service Partners.
AJ Brown, CEO of Apex Service Partners, highlighted the fragmented nature of the home and commercial services market and the opportunity for Apex to consolidate and strengthen leading companies. “Home and commercial services is a fragmented market where Apex can further strengthen already great companies to accelerate growth with our resources and support,” Brown explained. Headquartered in Tampa, Florida, Apex Service Partners aims to provide its partner companies with access to top-tier operational expertise and substantial capital. This support will enable investments in new facilities, team development, advanced equipment, and enhanced technician training, all geared towards elevating customer experiences and fostering employee career advancement.
Will Matson, Head of M&A and CFO of Apex Service Partners, joins Brown in leading this ambitious venture. Business owners within the HVAC, plumbing, and electrical services industries who are interested in exploring partnership opportunities with Apex Service Partners are encouraged to reach out to Will Matson directly.
Frank Gay, Founder of Frank Gay Services, expressed enthusiasm about the partnership, emphasizing Alpine’s unique focus on people and relationships. “Alpine’s strong focus on people and relationships makes it stand out among financial firms, positioning Apex well to succeed in a competitive, high-touch industry like ours,” Gay stated. This endorsement from a key partner highlights the collaborative and growth-oriented environment that Apex Service Partners is cultivating.
About Apex Service Partners
Apex Service Partners is dedicated to building a national network of industry-leading home and commercial service providers in the HVAC, plumbing, and electrical sectors. The platform’s core mission is to empower partner companies through shared resources, best practices, and collective expertise. This collaborative approach aims to deliver unparalleled service to customers and create significant career opportunities for employees within the network.
About Alpine Investors
Alpine Investors is a people-driven private equity firm specializing in middle-market software and service companies. Their distinctive PeopleFirst strategy emphasizes partnership with exceptional individuals and fostering long-term company growth. The CEO-in-Residence program is a hallmark of Alpine’s approach, ensuring strong leadership and strategic direction for portfolio companies from the outset.
About Best Home Services
Best Home Services, established in 1980, is a nationally recognized leader in HVAC, plumbing, and electrical services and repairs across Southwest Florida. Originally a family-owned electrical services business, Best Home Services has expanded its offerings under the leadership of brothers Chadd and Keegan Hodges. The company is committed to providing exceptional customer service and employs approximately 300 full-time professionals dedicated to delivering simple, flexible, and trustworthy home service solutions.
About Frank Gay Services
Frank Gay Services, founded in 1981, has grown from a single-person plumbing operation into a leading service contractor in Central Florida. Offering comprehensive plumbing, HVAC, and electrical services to residential, commercial, and municipal clients, Frank Gay Services is known for its strong work ethic, integrity, and exceptional team. With a substantial fleet of 140 service vehicles and 175 employees, Frank Gay Services continues to expand its reach and service excellence.
