Alpine Investors
The Firm
Alpine Investors began in 2001 in Graham Weaver's business-school dorm room and now runs $4.5 billion in its ninth fund from San Francisco, with offices in New York and Austin. Its PeopleFirst philosophy, invest in exceptional people to build exceptional businesses, is not a slogan so much as the actual mechanism. The firm is B-Corp certified and has made 280-plus investments. It runs software and services platforms including Apex Service Partners, Evergreen Services Group, TEAM Services Group, and the Ascend accounting platform.
Its CEO-in-Training program, running since 2013, hires early-career operators and places them running acquired companies, which is why the registry marks Alpine searcher-adjacent. It is simultaneously the largest home-services consolidator in the country through Apex, and a structured alternative to self-funded search for someone who wants to run a small company without buying it.
A searcher in HVAC, plumbing, electrical, restoration, accounting, or managed IT is in Alpine's weather system whether they know it or not; Apex alone reshaped trade-services pricing nationally. Anyone interviewing there should know the dorm-room founding, the PeopleFirst and CIT machinery, the fund scale, and the certifications, because the firm treats its culture credentials as primary facts about itself.
TWO PROGRAMS, ONE WORD APART, AND THEY ARE NOT THE SAME OFFER. CEO-in-Training PLACES people into chief executive and senior seats at companies Alpine already owns, in its own words placing aspiring leaders into those roles immediately after graduation. CEO-in-Residence SEARCHES, and its own sentence decides it: we will partner with you to find your next company to operate. Both are compensated as published policy rather than as a number, paid by a portfolio company or the applicable fund and including incentive equity, with no salary figure or vesting term anywhere for either. The site separates them only inside a legal disclosure rather than in the copy a candidate reads, so a reader who applies to the wrong one has applied for a different job.
What It Buys
San Francisco, CA. People-first private equity behind Apex Service Partners, the country's largest HVAC, plumbing, and electrical consolidator. Its CEO-in-Training program hires operators into the businesses it buys.
This firm also runs a searcher or operator-in-residence program: it competes for the same businesses while sitting closer to the searcher ecosystem.
Selling to them one day, or watching them as the other bidder? Track them in the Contact Book so the relationship has a next-touch date.
Confirmed Deals
5 deals traced to announcements by Alpine Investors, 2023 to 2026, newest first. Firms that announce every deal show a fuller run here than firms that report acquisitions as quarterly counts, so read this as the evidence that clears the bar rather than as the firm's whole record.
- OSIT (into Evergreen) · June 4, 2026
An employee-owned MSP joining Lyra under Alpine's Evergreen, the platform that bought 33 MSPs in 2025 alone.
- Apex Service Partners · May 28, 2026
The national HVAC, plumbing, and electrical services platform; Apollo Funds took a strategic minority stake alongside Alpine.
- Mosaic Service Partners · November 10, 2025
A residential window and door replacement platform that acquires regional providers and keeps their local brands.
- Guardian Restoration Partners · April 8, 2024
A home-restoration platform launched on three founding deals in Arizona, the Bay Area, and Wisconsin.
- Opsahl Dawson · January 30, 2023
A Pacific Northwest CPA firm, the founding investment of Ascend, Alpine's accounting platform.