hvacrollups.com
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Consolidation trend Jun 2026 · US Verified

Apex Service Partners Leads HVAC Deal Volume

Apex Service Partners, backed by Alpine Investors and a Partners Group continuation vehicle, led disclosed deal volume in HVAC by a wide margin in 2025. ARS/Rescue Rooter and Service Champions/Wrench Group are identified as the next-tier national multi-trade platforms.

“Apex Service Partners (Alpine Investors with Partners Group continuation vehicle) led 2025 disclosed deal volume in HVAC by a wide margin. ARS / Rescue Rooter (GI Partners with continued Charlesbank Capital Partners participation) and Service Champions / Wrench Group (Leonard Green Partners with TSG Consumer Partners minority) are the next-tier national multi-trade platforms in 2026.”

Entities

Alpine Investors · Sponsor Apex Service Partners · Platform Charlesbank Capital Partners · Sponsor GI Partners · Sponsor Partners Group · Sponsor ARS / Rescue Rooter · Platform Leonard Green Partners · Sponsor Service Champions / Wrench Group · Platform
HVACPlumbing Sentiment: Neutral

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