Alpine Launches HVAC, Plumbing and Electrical Services Platform Apex Service Partners with Acquisition of Frank Gay Services

SAN FRANCISCO – (COMMERCIAL THREAD) –Alpine investors (“Alpine”), a mid-market private equity firm that focuses on people to build sustainable businesses, today announced its partnership with Frank Gay Services (“Frank Gay”), a plumbing, HVAC, electrical and mechanical based in Orlando Florida. Terms of the private transaction were not disclosed.

Frank Gay joins Best Home Services (“Best”), a nationwide award-winning HVAC, plumbing and electrical service and repair company based in Naples, Florida, to serve as the foundation for Apex Service Partners (“Apex”), Alpine’s new platform which will be a partnership of leading domestic and commercial service companies. The companies will continue to operate independently under their respective brands.

“Alpine has extensive experience in HVAC, plumbing and electrical services and we are excited to apply our expertise to quickly establish Apex as a market leader,” said Daniel Cohen, vice president of Alpine. “Best and Frank Gay enjoy an exceptional reputation in the industry. Their merger makes Apex an attractive home for other founders who are looking for a growth partner for their business. ”

Alpine plans to invest at least $ 100 million of equity capital in companies owned by founders over the next five years to make Apex a national leader. The company successfully applied a similar strategy in what later became known as The Wrench Group, an HVAC and plumbing services platform serving markets in Atlanta, Dallas, Houston and Phoenix, which has achieved sales of over $ 150 million and was subsequently sold to Investcorp in 2016..

“Home and business services are a fragmented market where Apex can further strengthen already great companies to accelerate their growth with our resources and support,” said AJ Brown, CEO of Apex, headquartered in Tampa, in Florida. “As part of the Apex partnership, these companies will be able to leverage the expertise of some of the best operators in the country and will have access to capital to build new facilities, invest in their people, provide the best equipment and training possible. for technicians and, ultimately, improve the experience of their customers and the career opportunities of their employees.

Brown, CEO-in-residence of Alpine, was previously CFO of construction software company Avitru, a former Alpine portfolio company. Will Matson, who is director of mergers and acquisitions and chief financial officer of Apex, joins Brown. HVAC, plumbing, and electrical service business owners wishing to join Apex should contact Will Matson at [email protected] or 817-614-1242.

“In such a customer-centric industry, it can be difficult to change direction,” said Frank Gay, founder of Frank Gay Services. “Alpine’s focus on people and relationships sets it apart among financial companies, which positions Apex well to succeed in a competitive and highly tactile industry like ours. We couldn’t be more excited about our future and our partnership with Alpine.

Orchard MB acted as exclusive transactional advisor to Frank Gay Services.

About Apex Service Partners

Apex Service Partners is an HVAC, plumbing and electrical services group focused on partnering with world-class service providers to create a leading national platform. Apex is focused on harnessing the power of people to create a strong network of industry leaders who can share resources, best practices and expertise to provide unparalleled service to customers and opportunities for employees.

About Alpine Investors

Alpine is a people-focused private equity firm committed to building sustainable businesses by working with, learning and developing great people. Alpine specializes in mid-size companies in the software and services sector. Its PeopleFirst strategy includes a CEO in Residence program where Alpine first partners with CEOs and places them in companies as part of the deal. This provides a separate solution for situations where additional or new management is desired after the transaction. For more information visit

About the best home care services

Better home services was established in 1980 as a family-owned electrical service business that has since grown to include HVAC and plumbing services and repairs run by brothers Chadd and Keegan Hodges. Best operates in Southwest Florida with its headquarters in Naples, Florida, and two additional offices in Sarasota and Fort Myers. Their mission is to provide their customers with the best of all home services. Best is a nationally award-winning company focused on growth and world-class customer service. They employ approximately 300 full-time team members, including certified technicians who ensure the highest level of customer service and offer simple, flexible and trustworthy service. Best Home Services specializes in residential service work.

About Frank Gay Services

Frank Gay Services was founded in 1981 as a one-man plumbing company. The company has grown organically and has become one of Central Florida’s largest service contractors, providing plumbing, HVAC and electrical services to residential, commercial and municipal customers. The work ethic, integrity and exceptional team members providing high caliber service have set Frank Gay Services apart from the competition. Based in Orlando with a satellite office in Tampa, Frank Gay Services has 140 road service vehicles and 175 full-time employees with a plan to expand their radius of success in the years to come.

Patricia D. Rutt