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Apex Service Partners
Apex Service Partners is a group that specializes in HVAC, plumbing, and electrical services. Founded in 2019, the company is based in Tampa, Florida.
Apex Service Partners
Apex Service Partners is a group that specializes in HVAC, plumbing, and electrical services. Founded in 2019, the company is based in Tampa, Florida. It was formerly known as Frank Gay Services.
General information
Firm type
Asset Manager
Year founded
2019
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
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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