Alpine Launches HVAC, Plumbing and Electrical Providers Platform Apex Service Companions With Acquisition of Frank Homosexual Providers

SAN FRANCISCO – (BUSINESS WIRE) – Alpine Investors (“Alpine”), a midsize private equity firm focused on people-focused to build lasting businesses, announced today that it is partnering with Frank Gay Services (“Frank Gay”), a plumbing company , HVAC, electrical and electrical contractor, mechanical services company based in Orlando, Florida. The terms of the private transaction were not disclosed.

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

Alpine has extensive experience in the HVAC, plumbing and electrical services sectors. We are excited to use our expertise to quickly make Apex a market leader,” said Daniel Cohen, Vice President, Alpine. “Best and Frank Gay have an exceptional reputation in the industry. The merger makes Apex an attractive home for other founders looking for a growth partner for their company.”

Alpine plans to invest at least $ 100 million in equity in founder-owned companies over the next five years to help Apex become a national leader. The company successfully followed a similar strategy with what later became the Wrench Group, providing HVAC and plumbing services to the Atlanta, Dallas, Houston and Phoenix markets, which had sales of over $ 150 million and was subsequently sold to Investcorp in 2016.

“Home and Commercial Services is a fragmented marketplace where Apex can continue to empower large companies to accelerate growth with our resources and support,” said AJ Brown, CEO of Apex, headquartered in Tampa, Florida. “Through the Apex partnership, these companies can leverage the expertise of some of the best operators in the country and have access to capital to build new facilities, invest in their teams, provide the best possible equipment and training for technicians, and ultimately improve the experience of their customers and the career opportunities of employees. ”

Brown, an Alpine CEO-in-residence, was previously CFO of construction software company Avitru, a former Alpine portfolio company. Brown owns Will Matson, who serves as Apex’s Head of M&A and CFO. HVAC, plumbing, and electrical service owners interested in joining Apex should contact Will Matson at or 817-614-1242.

“Switching leadership can be difficult in such a customer-centric industry,” said Frank Gay, founder of Frank Gay Services. “Alpine’s strong focus on people and relationships sets it apart among financial companies and positions Apex well to thrive in a competitive, high-touch industry like ours. We couldn’t be more excited about our future and partnership with Alpine. ”

Orchard MB acted as the exclusive transaction advisor to Frank Gay Services.

Apex service partner information

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

About alpine investors

Alpine is a human-run private equity firm dedicated to building lasting businesses by working with, learning from, and developing with exceptional people. Alpine specializes in medium-sized companies in the software and service industry. The PeopleFirst strategy includes a CEO-in-residence program in which Alpine initially works with CEOs and integrates them into companies as part of the transaction. This offers a clear solution for situations where additional or new management is desired after the transaction. More information is available at

About Best Home Services

Best Home Services was founded in 1980 as a family electrical services business that has since expanded to include HVAC, plumbing and repairs under the leadership of brothers Chadd and Keegan Hodges. Best operates in southwest Florida and is headquartered in Naples, Florida and has two other offices in Sarasota and Fort Myers. Their mission is centered on providing our customers with the best of all services. Best is a nationally award-winning company focused on growth and world-class customer service. They employ around 300 full-time team members, including certified technicians, who ensure the highest level of customer service and provide simple, flexible and trustworthy service. Best Home Services specializes in service work in residential areas.

About Frank Gay Services

Frank Gay Services was founded in 1981 as a one-man plumbing company. The company has grown organically to become one of the largest service companies in central Florida, providing plumbing, HVAC and electrical services to residential, commercial and municipal customers. Work ethic, integrity, and exceptional team members delivering top-notch service have enabled Frank Gay Services to stand out from the competition. Frank Gay Services is headquartered in Orlando and has a satellite office in Tampa. The company has 140 service vehicles and 175 full-time employees who have a plan to expand their radius of success in the years to come.

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