APEX Service Partners has emerged as a powerhouse in the residential HVAC, plumbing, and electrical services industry, rapidly expanding through strategic acquisitions. Founded in 2019 and headquartered in Tampa, Florida, APEX focuses on partnering with leading local brands to deliver exceptional service to customers and opportunities for employees. Backed by Alpine Investors, a private equity firm, APEX has leveraged a robust M&A strategy to build a network of over 8,000 employees across the United States. This blog post dives into the companies APEX Service Partners has acquired, highlighting their growth trajectory and impact on the $100+ billion home services market.
A Growing Portfolio: Key Acquisitions by APEX Service Partners
APEX Service Partners has made significant strides in consolidating the fragmented home services industry. Their acquisition strategy targets established, high-performing companies that align with their mission of providing mission-critical services. Below are some of the notable companies APEX has acquired:
1. HomeBreeze
In November 2024, APEX acquired HomeBreeze, a Y Combinator-backed technology startup launched in 2021. HomeBreeze specializes in streamlining home service operations with innovative technology, serving homeowners across California. The acquisition, announced on November 26, 2024, enhances APEX’s capabilities by integrating HomeBreeze’s platform, which has coordinated over 1,000 installations. According to Vineet Mehta, HomeBreeze’s founder and CEO, this partnership strengthens their service offerings and extends their market reach. This move mirrors trends in the industry, such as Redwood Services’ acquisitions, which also focus on tech-driven growth.
2. Frontier Service Partners
On January 24, 2024, APEX acquired Frontier Service Partners, a Kansas City, Missouri-based provider of residential HVAC, plumbing, and electrical services. Founded in 2021, Frontier has built a strong reputation in the Midwest, making it a strategic addition to APEX’s portfolio. This acquisition bolsters APEX’s geographic footprint and aligns with their goal of partnering with top-tier local brands. The deal was facilitated by Imperial Capital, highlighting the financial backing behind APEX’s expansion.
3. Dilling Heating & Cooling
APEX’s acquisition of Dilling Heating & Cooling is another key move in their expansion within the professional consumer services sector. Based in the United States, Dilling specializes in HVAC services and complements APEX’s focus on high-quality, customer-centric brands. This acquisition strengthens APEX’s service offerings in residential markets, further solidifying their position as a market leader.
4. BelRed Energy Solutions
BelRed Energy Solutions, a provider of HVAC and energy-efficient home services, was also acquired by APEX. This acquisition enhances APEX’s capabilities in delivering sustainable solutions, appealing to environmentally conscious consumers. By integrating BelRed’s expertise, APEX expands its portfolio to include energy-focused services, a growing trend in the home services industry.
The Strategy Behind APEX’s Acquisitions
APEX Service Partners’ acquisition strategy is rooted in building a network of industry leaders who share resources, best practices, and expertise. Since its founding, APEX has pursued both organic growth and strategic acquisitions, with a focus on recession-resistant sectors like HVAC, plumbing, and electrical services. Their internal M&A team has developed a playbook that significantly boosts the EBITDA of acquired businesses within a year of acquisition, as noted by Pantheon International Plc.
This approach is similar to strategies employed by other industry players, such as the Hoffman Brothers, who have also grown through targeted acquisitions in the home services space. APEX’s partnership with Alpine Investors has been instrumental, with a $3.4 billion continuation fund closed in October 2023 to fuel further growth. This fund supports APEX’s ability to pursue both de novo locations and additional acquisitions, ensuring long-term scalability.
Why These Acquisitions Matter
APEX’s acquisitions are reshaping the home services landscape by creating a cohesive network of trusted brands. By acquiring companies like HomeBreeze, APEX is integrating cutting-edge technology to improve service delivery and customer experience. Similarly, acquisitions like Frontier Service Partners and Dilling Heating & Cooling expand APEX’s geographic reach and service capabilities, positioning them to compete with other industry giants like A1 Garage Door.
The home services market, valued at over $100 billion, is highly fragmented, making consolidation a key driver of growth. APEX’s focus on people-first operations—emphasizing employee development and customer satisfaction—sets them apart. Their acquisitions not only enhance their market position but also create opportunities for tradespeople and customers alike.
What’s Next for APEX Service Partners?
With a robust M&A pipeline and strong financial backing, APEX is poised for continued growth. The company’s acquisition of tech-driven firms like HomeBreeze signals a shift toward integrating digital solutions into traditional home services. As they expand, APEX will likely target additional regional leaders to further solidify their dominance in the HVAC, plumbing, and electrical sectors.
For those interested in tracking APEX’s growth, keep an eye on industry news and their official website, Apex Service Partners. Their strategic moves are setting a new standard for excellence in the home services industry, much like the innovative approaches seen in companies led by visionaries such as Tommy Mello.