First Reserve Acquires AP4 Group
December 19, 2023
First Reserve, a global private equity firm focused on energy and industrial markets, has acquired AP Group LLC ("AP4"), a global provider of gas and steam turbine maintenance, parts and field services. The acquisition establishes a platform for First Reserve in mission-critical turbomachinery aftermarket services and positions AP4 for organic growth and complementary add-on acquisitions; financial terms were not disclosed.
- Buyers
- First Reserve
- Targets
- AP Group LLC (AP4 Group)
- Sellers
- Cloud Investment Partners
- Industry
- Industrial Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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