Alpine Investors (Alpine), a Certified B Corp private equity firm committed to building enduring software and services companies, has completed a $3.4bn single-asset secondary market transaction to continue its partnership with Apex Service Partners (Apex), an HVAC, plumbing and electrical services provider and a portfolio company of Alpine Investors VII and VII-A.
Apex is a residential HVAC, plumbing and electrical services platform that partners with leading providers across the country, with over 8,000 employees nationwide. The transaction is solely dedicated to the further expansion of Apex.
The announcement follows the recent close of Alpine’s latest fund, Alpine Investors IX, which reached the fund’s hard cap of $4.5bn of LP commitments. Fund IX invested $450m in Apex alongside the continuation fund.
