Asset Manager

Updated:

Apex Service Partners

Apex Service Partners consolidates residential HVAC and plumbing firms. Backed by Alpine Investors, it operates across the Sun Belt.

Apex Service Partners

Apex Service Partners was formed in 2019 in Tampa, Florida, by co-founders Peter Pabeck and Anthony Vazquez in partnership with private equity firm Alpine Investors. The firm operates as a consolidator in the residential services space, specifically acquiring and scaling leading local HVAC, plumbing, and electrical service companies. Alpine Investors’ PeopleFirst strategy is central to the model, aiming to build a national platform through founder-friendly acquisitions in a highly fragmented industry. Apex targets essential, non-discretionary home services in the residential segment. Its acquisition strategy focuses on founder-owned businesses in the Sun Belt, with a presence confirmed across Florida, Texas, and other high-growth southern U.S. markets. The firm backs existing operators with capital, centralized operational support, and a talent development framework rather than imposing outside management. Portfolio companies include United Air Temp in the Mid-Atlantic and Advanced Air Care in the Southeast, operating under their original local brands to maintain community trust. The firm's scale is indicated by a geographic footprint spanning multiple states and a rapid pace of acquisition activity since inception. The platform serves hundreds of thousands of residential customers through its network of local trade names. Adjacent structures include Alpine’s broader $4.5 billion fund platform (per Alpine, 2021), which provides committed capital for continued roll-up consolidation. Apex's growth reflects the ongoing institutionalization of the trades sector, driven by an aging owner-operator base and rising home-service spending. Apex’s architecture is built around a decentralized partnership model. Unlike a single-brand franchisor, it preserves founder-led local management, brand equity, and regional pricing, while consolidating back-office functions, training, and technology at the platform level. This hybrid structure is designed to solve the key succession problem in the trades—retiring owners with no internal successor—while maintaining the local operational intensity that drives customer retention and service quality in residential repair markets.

General information

Firm type

Asset Manager

Year founded

2019

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Tampa

Corporate office

Tampa, FL, United States

Principals

Peter Pabeck

Co-Founder & CEO

Anthony Vazquez

Co-Founder & President

Sector focus

Residential & Consumer Services

Frequently asked questions

Who runs investment decisions at Apex Service Partners?

Co-founders Peter Pabeck (CEO) and Anthony Vazquez (President) lead the firm's acquisition strategy in partnership with Alpine Investors, the private equity sponsor behind the platform. Alpine's deal team and operating partners actively participate in sourcing and vetting acquisition targets.

How does Apex Service Partners source acquisition targets?

Apex targets founder-owned residential HVAC, plumbing, and electrical contractors, primarily in Sun Belt markets, where retiring owners often lack internal succession options. The firm uses a combination of direct outreach, industry networks, and broker relationships to identify businesses with strong local reputations that can benefit from centralized operational support.

Is Apex a franchise operation or a direct owner of the service brands it acquires?

Apex directly acquires the assets and operations of its partner businesses, typically retaining the original local brand name. The underlying contractors operate as subsidiaries within the Apex platform rather than as franchisees, with the firm providing capital, technology, and back-office resources.

What geographic regions does Apex prioritize for acquisitions?

The firm's footprint is concentrated in high-growth Sun Belt markets across states such as Florida, Texas, Georgia, and the Carolinas, where population growth drives sustained demand for residential HVAC and plumbing services.

Does Apex partner with external co-investors on individual acquisitions?

Apex is capitalized primarily through Alpine Investors' funds, which provide committed equity for platform acquisitions and add-on deals. The firm does not publicly market co-investment opportunities to outside limited partners for individual transactions as a standard practice.

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