Parity › Who owns it › Baldwin
On the record · owner not named on its home or about page

Who owns Baldwin?

The short answer

Baldwin is owned by Apex Service Partners, a private-equity rollup backed by Alpine Investors / Partners Group / Apollo Funds (minority, 2026). It is not an independent local business.

Quick facts
Company
Baldwin
Trade
HVAC / Plumbing
Based in
Daphne, AL · All investor-owned companies in Alabama →
Owned by
Apex Service Partners · their site
Backed by
Alpine Investors / Partners Group / Apollo Funds (minority, 2026)
Ownership disclosed?
No: we found no mention of Apex Service Partners on the company’s home or about pages when we checked on 2026-10-05.
What Apex Service Partners says
“Local brands retain their name and leadership.”
Apex website 2026
What the record shows
The largest residential HVAC roll-up in the US. Backed by Alpine Investors and Partners Group with $6 billion in funding. More than 120 local brands acquired since 2019. Every brand keeps its local name. Homeowners have no way of knowing.

About Baldwin

Baldwin provides HVAC / Plumbing services in Daphne, AL. It still trades under its original local name and is owned by Apex Service Partners, a private-equity-backed home-services group (Alpine Investors / Partners Group / Apollo Funds (minority, 2026)).

What this means before you call

The name on the truck is not the owner. In investor-owned home-service groups, the price book, the sales process and the financing offers are usually set centrally, not at the local office. What to check before you sign →

Sources

  • Alpine Investors: Apex launch announcement: source (2019)
  • Alpine Investors: $3.4B continuation fund with Partners Group: source (Oct 2023)
  • Apollo Funds minority investment announcement: source (May 2026)
  • PitchBook: Apex Service Partners profile: source (2026)
  • Craft Dossier: Apex acquisitions list: source (Mar 2026)
  • Parity ownership research: PitchBook lists Baldwin Cooling, Heating, Plumbing & Electrical as acquired by Apex; site/: source (2026-09-14)

Other brands under Apex Service Partners

Parity is an editorial publication. Ownership facts are sourced from public filings and company-published material; we make no claim about the quality of any individual technician. Represent Baldwin or Apex Service Partners? Verify or contest this page · How we check · Corrections policy. Page generated 2026-10-26 from Parity’s records · parent record verified July 2026.