Add-on acquisition Dec 2025 Verified
Apex Service Partners Closed 60 Add-On Acquisitions in 2025
Apex Service Partners, backed by Alpine Investors, closed approximately 60 add-on acquisitions in 2025 across HVAC, plumbing, and electrical, bringing its platform to nearly 300 businesses and ~$1.3 billion in annual revenue. This pace made it the most active HVAC acquirer in the country.
“Apex Service Partners, backed by Alpine Investors, closed approximately 60 add-on acquisitions in 2025 alone across HVAC, plumbing, and electrical — substantially more than any other platform tracked by the 2026 HVAC PE roll-up analysis compiled by CTC Acquisitions.”
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ElectricalHVACPlumbing Sentiment: Neutral
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