On May 28, 2026, Apex Service Partners and Alpine Investors announced a strategic minority investment from Apollo Funds. According to reporting by Reuters, the deal values Apex at roughly $10 billion, including debt, with Apollo investing approximately $2 billion. The transaction is expected to close in the fourth quarter of 2026.
Apex is the largest residential HVAC, plumbing, and electrical services platform in the country. Launched by Alpine Investors in 2019, it now operates 75 local brands across 46 states, employs more than 13,000 people, and has served over 16 million homes.
Built one founder-owned business at a time
A $10 billion platform does not appear overnight. It is assembled, one acquisition at a time, from independent contracting businesses founded and run by operators — the plumber, the HVAC owner, the electrician who built something real in their market.
That is the part of the story we know firsthand. Good Hope Advisors has represented sellers in add-on transactions that became part of platforms like Apex. Every one of those deals started the same way: a founder-owned business, a competitive process, and an outcome that rewarded the work the owner put in.
Years ago we wrote about an early Apex add-on — a second-generation family business in St. Louis joining the platform. Read that story. The platform that business joined is now valued at $10 billion.
What it means for founders
If you own an HVAC, plumbing, electrical, roofing, or landscaping business, the platforms being valued in the billions today were built from companies like yours. The buyers are sophisticated and well-capitalized. The founders, in most cases, are selling for the first time. Closing that gap — and making sure the founder is the one who wins — is the entire reason Good Hope Advisors exists.
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