Minority investmentverified
Apollo funds take a minority stake in Tampa's Apex Service Partners
What happened. Apollo funds agreed to acquire a minority interest in Apex Service Partners alongside an additional investment from existing owner Alpine Investors. Apex, headquartered in Tampa with a second base in Dallas-Fort Worth, reported 75 local brands, 150+ locations in 46 states, over 13,000 employees and roughly $3 billion of annual revenue. Apollo Managing Director Munesh Advani described Apex as the kind of business Apollo backs with hybrid, partnership-oriented capital; Alpine CEO Graham Weaver called the investment a recognition of the platform. Reuters reported a valuation near $10 billion. Expected to close in Q4 2026.
Parties
- Company
- Buyer
- Apex Service Partners
- Capital
- Apollo Global Management
- Price
- Not disclosed
- Employees
- 13000 at announcement
Our coverage: Apollo takes a minority stake in Tampa-based Apex Service Partners
Other Tampa Bay brands under Apex Service Partners: Frank Gay Services.
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- Apollo Global Management (2026-05-28) — press release. Primary announcement with scale figures and quotes
- Reuters via U.S. News (2026-05-27) — news. Reported ~$10B valuation
Researcher notes: Tampa nexus is the platform's own headquarters. Price is reported by a news source only, so price_disclosed is false. | Platform-level capital event, not a local operating-company sale; company_slug is null because no Tampa Bay operating brand changed hands.
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