Minority stake Announced May 2026
Apollo Funds acquires a strategic minority interest in Apex Service Partners
Relationship map
Parties
Parties
Market signals
Market signals
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Apollo agreed to acquire a strategic minority interest in Apex (the largest US residential HVAC/plumbing/electrical platform), with Alpine reinvesting; expected to close Q4 2026. The reported ~$2B Apollo investment / ~$10B implied EV is from Reuters/WSJ citing a person familiar; official terms undisclosed -> held at needs_review.