private equityreported
HarbourVest Partners
Boston, MA · ~$100B+ AUM
In one paragraph. HarbourVest Partners is a private equity based in Boston, MA managing roughly $100B+ in assets. In Tampa Bay its capital sits behind Apex Service Partners, Neighborly, which together control 1 local brand.
Why it invests in the trades
Secondaries and co-investment manager that participated in KKR's 2021 acquisition of Neighborly and was a lead investor in Alpine's $3.4 billion Apex Service Partners continuation vehicle in 2023.
Platforms in Tampa Bay (2)
Apex Service Partners
Tampa, FL · formed 2019 · 1 local brands
Neighborly
Waco, TX · 0 local brands
Local brands ultimately backed by HarbourVest Partners (1)
Frank Gay Services
Owned by Apex Service Partners · backed by Alpine Investors
Frequently asked
What does HarbourVest Partners own in Tampa Bay?
Frank Gay Services, through Apex Service Partners and Neighborly.
Is HarbourVest Partners a private-equity firm?
Yes.
How long will HarbourVest Partners hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Reported — credible press
- Business Wire / Alpine Investors (2023-10-25) — press release. Lead investor in Apex continuation fund
- Mergr — other. HarbourVest participation in the Neighborly acquisition; database source, not primary
Researcher notes: Neighborly participation is from a deal database, not a primary release.
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