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On the record · owner not named on its home or about page

Who owns Cougar?

The short answer

Cougar 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.

Acquisitions: 2022-06 · 143 brands under this parent
Quick facts
Company
Cougar
Trade
HVAC
Based in
Spokane, WA · All investor-owned companies in Washington → Also: Spokane Valley, WA
Owned by
Apex Service Partners · their site
Backed by
Alpine Investors / Partners Group / Apollo Funds (minority, 2026)
Acquired
2022-06
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 Cougar

Cougar provides HVAC services in Spokane, WA. 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, pricing books, the sales process and financing offers are commonly set centrally rather than by 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: Cougar Mechanical (Cougar Heating, Cooling, Plumbing & Electrical); PitchBook: acquired by: source (2026-09-14)
  • Its own website shows this logo: source (2026-10-15)
  • Its own site lists 1 offices, also in Spokane Valley, WA: source (2026-10-26)

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 Cougar 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.