M&A Deal Summary

Apex Service Partners Acquires Frontier

On January 24, 2024, Apex Service Partners acquired business services company Frontier from Imperial Capital

Acquisition Highlights
  • This is Apex Service Partners’ 5th transaction in the Business Services sector.
  • This is Apex Service Partners’ 5th transaction in the United States.
  • This is Apex Service Partners’ 1st transaction in Missouri.

M&A Deal Summary

Date 2024-01-24
Target Frontier
Sector Business Services
Buyer(s) Apex Service Partners
Sellers(s) Imperial Capital
Deal Type Add-on Acquisition
Advisor(s) Cowen (Financial)
Torys (Legal)

Target

Frontier

Kansas City, Missouri, United States
Frontier Service Partners is a family of residential service brands that seeks to acquire the nation’s leaders in residential HVAC, plumbing, and electrical services. Frontier Service Partners was formed in 2021 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Apex Service Partners

Tampa, Florida, United States

Category Company
Founded 2019
Sector Business Services
DESCRIPTION

Apex Service Partners is an HVAC, plumbing and electrical services group whose goal is to partner with world-class service providers to build an industry-leading national platform. Apex focuses on leveraging the power of people to build a strong network of industry leaders who can share resources, best practices, and expertise in order to deliver unparalleled service to customers and opportunities for employees. Apex Service Partners was founded in 2019 and is based in Tampa, Florida.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
State: Missouri M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 BelRed Energy Solutions

Mukilteo, Washington, United States

BelRed Energy Solutions provides heating, cooling, plumbing, and energy efficiency solutions for Seattle area homes. BelRed Energy Solutions was formed in 1986 and is based in Mukilteo, Washington.

Buy -

Seller(S) 1

SELLER

Imperial Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B CAD
Size Large
Type Sector Focused
DESCRIPTION

Imperial Capital Group is a private equity firm focused on investments and acquisitions in the healthcare, business services, and consumer services sectors. The Firm will consider opportunities throughout the US and Canada and generally looks at companies with $20 to $250 million of revenue and up to $40 million of EBITDA. Imperial Capital Group was formed in 1989 and is headquartered in Toronto.


DEAL STATS #
Overall 14 of 15
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 4
State: Missouri M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Keplr Vision

New York City, New York, United States

Keplr Vision is a medically focused optometry practices and a state-of-the-art ophthalmic lens manufacturing lab. Keplr Vision is based in New York City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-16 Infinity Laboratories

Castle Rock, Colorado, United States

Infinity Laboratories is a provider of critical testing services in the areas of chemical and microbiological sciences for FDA regulated manufacturers throughout North America. Infinity Laboratories was founded in 1991 and is based in Castle Rock, Colorado.

Sell -