Apax Partners is preparing to shop its portfolio company Oncourse, which provides residential home warranty and repair claims services, to potential buyers later this year, according to three sources familiar with the matter. The timing suggests private equity firms are actively managing their real estate service holdings amid shifting market conditions.

Lead Edge Capital recently acquired Elektrik, with principal Aaron Darr sharing insights on the transaction. While specific financial terms weren't disclosed, the deal reflects continued consolidation in specialized service sectors that support residential property operations and maintenance.

Major private equity players including KKR and Blackstone are making significant bets on data center infrastructure development. These investments signal confidence in the long-term growth of cloud computing and digital infrastructure demand. The convergence of residential services and data center plays shows how PE firms are positioning across both traditional real estate and emerging technology sectors.

The Oncourse sale process will likely attract interest from strategic buyers and other financial sponsors seeking exposure to the growing home warranty market, which has benefited from aging housing stock and increased property maintenance needs.