Apollo Buys Minority Stake in Apex at $10 Billion Valuation
Apollo Global Management is investing 2 billion dollars in Apex Service Partners. The deal values the home services firm at 10 billion dollars including debt.
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Apex Service Partners has agreed to sell a minority stake to Apollo Global Management in a deal valuing the company at $10 billion including debt. The company, backed by Alpine Investors, is receiving a $2 billion investment. The transaction follows a $3.4 billion restructuring in 2023 that moved the asset into a continuation vehicle.
