Mechanical One
Overview
Mechanical One is a full-service HVAC, plumbing, gas, and electrical company serving the Tampa Bay area as part of the Apex Service Partners platform.
Ownership History
Joined the Apex Service Partners platform, which is backed by Alpine Investors. Apex was formed in 2019 with the acquisition of Frank Gay Services and has grown to become one of the largest PE-backed home-services platforms nationally.
Deal Details
Partnered with Apex Service Partners as part of their Florida expansion. Apex completed a $3.4 billion continuation transaction with Alpine Investors in October 2023.
Operational Changes
Operates under the Apex Service Partners umbrella with access to centralized resources, procurement, and operational support.
Market Impact
Brings one of the nation's largest PE-backed home-services platforms into the Tampa Bay market.
Key Events
Apex Service Partners Valued at $3.4B
Alpine Investors closes a $3.4 billion single-asset continuation transaction for Apex Service Partners, highlighting the massive scale of PE investment in home services.
Parent Platform
Apex Service Partners
Backed by Alpine Investors