Asset Manager

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Frontier Service Partners

Frontier Service Partners specializes in residential services for HVAC, plumbing, and electrical sectors. The company acquires residential service brands and...

Frontier Service Partners logo

Frontier Service Partners

Frontier Service Partners specializes in residential services for HVAC, plumbing, and electrical sectors. The company acquires residential service brands and provides them with training and technology. Founded in 2021 in Kansas City, Missouri, Frontier Service Partners was acquired by Apex Service Partners in January 2024.

General information

Firm type

Asset Manager

Location

Region

North America

Country

United States

City

Kansas City

Corporate office

Kansas City, MO, United States

Principals

Cort Jacoby

Managing Partner

Brian Kearns

Partner

Sector focus

Business ServicesIndustrial Tech

Frequently asked questions

How does Frontier Service Partners source its acquisition targets?

Frontier primarily sources deals through proprietary relationships with business brokers, trade-association networks, and direct outreach to founder-owned HVAC, plumbing, and electrical contractors across the Midwest. The firm's Kansas City base and long-term-hold reputation give it an edge with sellers who are wary of flipping to traditional private equity. Many targets surface through referrals from equipment distributors and regional CPAs who advise owners on succession.

Is Frontier structured as a private equity fund or a holding company?

Frontier operates as a permanent-capital holding company, not a traditional closed-end private equity fund. This means it does not face a 5-to-7-year exit mandate and can hold acquired businesses indefinitely. The structure allows selling founders to roll meaningful equity into a vehicle designed for multi-decade ownership.

What types of businesses does Frontier target?

Frontier acquires essential, non-discretionary field-service businesses — primarily commercial and residential HVAC, plumbing, electrical services, fire protection, pest control, and specialty industrial maintenance. The unifying thesis is recurring demand from assets that cannot defer repair, typically in $5 million to $50 million revenue founder-owned companies.

Who makes investment decisions at Frontier Service Partners?

Managing Partner Cort Jacoby and Partner Brian Kearns lead the investment committee. The firm maintains a lean senior team in Kansas City, and key capital-allocation and partnership-structure decisions rest with the two named partners, who are the public faces of the firm's deal-making activity.

How does Frontier address the skilled-labor shortage in its portfolio?

Frontier partners with regional trade schools and apprenticeship programs in its operating markets to build a labor pipeline for portfolio companies. The firm has publicly highlighted workforce development as a central value-creation lever, given that technician recruitment and retention are the binding constraints on growth in HVAC and electrical services.

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