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
Location
Florida, United States
Transaction Type
Buyout

Explore More

Build a buyer list for your deal

Find active buyers from recent acquisition patterns and move straight into outreach.