Apollo Private Equity will buy a minority stake in Dallas‑based Apex Service Partners, a residential HVAC, plumbing and electrical services firm. The deal signals confidence in the growing home‑service market. Apex, founded in 2019, operates 75 local brands in 46 states and already attracts investment from Alpine Investors for expansion and growth in the sector.

Apollo, known for backing service‑sector players, joins Alpine Investors in funding Apex’s expansion plans. The partnership aims to scale operations across the U.S. and deepen service offerings. No financial terms were disclosed, but the move underscores the sector’s attractiveness to private‑equity investors seeking steady cash flows for residential service providers and maintenance contractors in the mid‑market.

The transaction, slated for completion in the fourth quarter of 2026, will provide Apex with capital to invest in technology and workforce training. It also positions Apollo to capture a slice of the resilient home‑repair industry, which has seen demand surge during the pandemic and continues to grow post‑COVID in the residential market today.

Investors eye the deal for its potential to boost Apex’s market share and generate steady returns. With private‑equity backing, the company can accelerate acquisitions and expand its geographic footprint. The move confirms that service‑sector growth remains a key target for capital deployment in the U.S. market for mid‑market service companies today and next.