Private Equity Firm Business Services

Alpine Investors

San Francisco, California, United States

People-driven (PeopleFirst) private equity firm that invests in software and services businesses and backs platform-scale roll-ups. Alpine is B-Corp certified and operates with a PeopleFirst operating philosophy.

Focus Areas
Software investments, Services investments, Platform roll-ups

Tracked deals

79

79 tracked deals across 2017-2026.

Recent pace

9

9 tracked deals announced in the last 12 months.

Deal mix

Addon

64 addon · 10 buyout · 4 growth capital

Alpine Investors Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Alpine Investors. 1 2017 7 2019 10 2020 10 2021 19 2022 13 2023 9 2024 6 2025 ~6 est. 4 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 79 tracked deals for Alpine Investors.

  • Apollo Funds and Alpine Investors Acquire Minority Stake in Apex Service Partners
    May 29, 2026
    Buyer
    Apollo Funds, Alpine Investors
    Target
    Apex Service Partners
    Seller
    Alpine Investors (existing investor mentioned as continuing; no seller explicitly named)
    Industry
    IT Services
    Location
    Florida, United States
    Type
    Growth capital

    Apex Service Partners entered into a definitive agreement for Apollo Funds (funds managed by affiliates of Apollo Global Management) to acquire a minority stake in the company. Alpine Investors, Apex’s existing investor, will also make an additional investment alongside Apollo to support Apex’s continued growth, including expansion of its national footprint, multi-trade service offerings, and technology/workforce infrastructure.

  • Ascend Adds William Vaughan Company to Accounting Platform in Ohio
    May 28, 2026
    Buyer
    Ascend, Alpine Investors
    Target
    William Vaughan Company
    Industry
    Accounting & Tax
    Location
    Ohio, United States
    Type
    Addon

    Ascend, the Arlington, Virginia-based strategic platform for regional accounting and advisory firms backed by Alpine Investors, announced the addition of Maumee, Ohio-based William Vaughan Company. The firm will join the Ascend platform and adopt an alternative practice structure, with WVC Advisors providing tax and advisory services while attest services continue through an independently owned CPA firm.

  • Oakline Properties / Alpine Investors Acquire Four Star Realty
    January 20, 2026
    Buyer
    Oakline Properties, Alpine Investors
    Target
    Four Star Realty
    Industry
    Real Estate
    Location
    Colorado, United States
    Type
    Addon

    Oakline Properties, a property-management platform launched by Alpine Investors, has acquired Four Star Realty, a Colorado-based multifamily and student-housing property management firm. Four Star—founded in 1986 and managing more than 5,000 market-rate residential units and 3,000 student housing units—will continue to operate under its current brand and leadership while joining Oakline's expanding Mountain West platform.

  • Ascend (backed by Alpine Investors) Adds Gollob Morgan Peddy
    January 5, 2026
    Buyer
    Ascend, Alpine Investors
    Target
    Gollob Morgan Peddy
    Industry
    Accounting & Tax
    Location
    Texas, United States
    Type
    Addon

    Ascend, a private-equity-backed platform for regional accounting and advisory firms, has integrated Tyler, Texas-based Gollob Morgan Peddy into its platform. The addition brings nine partners and approximately 100 professionals (FY24 net revenue of $17.3 million) to Ascend, expanding the platform's Southwest footprint; GMP will adopt an alternative practice structure with GMP Advisors (affiliated with Ascend) providing tax and business advisory services while attest services remain independently owned and licensed.

  • Oakline Properties Acquires Drucker + Falk
    December 19, 2025
    Buyer
    Oakline Properties, Alpine Investors
    Target
    Drucker + Falk
    Seller
    Drucker + Falk ownership (Drucker and Falk families / current owners)
    Industry
    Real Estate
    Location
    Virginia, United States
    Type
    Addon

    Oakline Properties, a portfolio company of Alpine Investors, has acquired Drucker + Falk, a Top-50 NMHC multifamily and commercial property management firm. The transaction brings D+F into Oakline's platform (increasing the platform to 65,000+ units managed) while the Drucker and Falk families will remain actively involved in the business.

  • Mosaic Service Partners Acquires Weather Tite Windows
    December 4, 2025
    Buyer
    Mosaic Service Partners, Alpine Investors
    Target
    Weather Tite Windows
    Industry
    Industrial Services
    Location
    Florida, United States
    Type
    Addon

    Weather Tite Windows, a Tampa Bay–area replacement windows and doors provider, has been acquired by Mosaic Service Partners, a portfolio company of Alpine Investors. Mosaic is described as a new national platform focused on partnering with and scaling residential window and door replacement businesses across the United States.

  • Ascend (Alpine Investors-backed) Adds BiggsKofford to Accounting Platform
    November 3, 2025
    Buyer
    Ascend, Alpine Investors
    Target
    BiggsKofford
    Industry
    Accounting & Tax
    Location
    Colorado, United States
    Type
    Addon

    Ascend, a private equity-backed platform for regional accounting firms, announced the addition of Colorado accounting firm BiggsKofford to its national Ascend platform. The deal brings nine partners and more than 40 staff across Colorado Springs and Denver to Ascend (backed by Alpine Investors); terms were not disclosed and BiggsKofford will operate with an alternative practice structure for attest and non-attest services.

  • Astra Service Partners Invests in Knott Mechanical
    October 22, 2025
    Buyer
    Astra Service Partners, Orion Group, Alpine Investors
    Target
    Knott Mechanical, Inc.
    Industry
    HVAC & Mechanical
    Location
    Maryland, United States
    Type
    Addon

    Astra Service Partners, a division of Orion Group and portfolio company of Alpine Investors, has made an investment in Knott Mechanical, Inc. SC&H Capital advised Knott Mechanical on the transaction. Knott Mechanical, founded in 2002, provides mechanical and HVAC maintenance, repair and retrofit services to over 1,700 buildings across the Mid-Atlantic.

  • Alpine Investors Launches Oakline Properties Platform
    September 25, 2025
    Buyer
    Alpine Investors
    Target
    Oakline Properties, Cirrus Asset Management, Inc.
    Industry
    Real Estate
    Location
    California, United States
    Type
    Growth capital

    Alpine Investors launched Oakline Properties, a new platform to partner with and scale property and association management businesses across the United States. Oakline will partner with outsourced managers (including Cirrus Asset Management) to drive growth through cross-platform lead generation, service expansion, tech enablement and talent, led by CEO Amanda Sayigh.

  • Ascend Adds Miami-based KSDT to Its Accounting Platform
    September 1, 2025
    Buyer
    Ascend, Alpine Investors
    Target
    KSDT
    Industry
    Accounting & Tax
    Location
    Florida, United States
    Type
    Addon

    Ascend, the PE-backed accounting platform supported by Alpine Investors, completed its largest merger to date by bringing Miami-based KSDT onto its platform effective September 1. The merger adds five offices, 29 partners and 276 professionals to Ascend’s southeastern footprint and integrates KSDT’s India team into Ascend’s offshore captive, Sentient Solutions; terms were not disclosed.

  • Ascend (Alpine Investors-backed) Adds Walter Shuffain
    December 16, 2024
    Buyer
    Ascend, Alpine Investors
    Target
    Walter Shuffain
    Industry
    Accounting & Tax
    Location
    Massachusetts, United States
    Type
    Addon

    Arlington, Va.-based Ascend, a growth platform for regional accounting firms backed by private equity firm Alpine Investors, will add Boston-based IPA 200 firm Walter Shuffain effective Jan. 1. The deal brings Walter Shuffain’s FY23 net revenue of $30.3 million and 114 professionals (including 13 partners) onto Ascend’s platform and expands Ascend’s footprint into the Boston market; terms were not disclosed.

  • Aspen Standard Wealth Acquires Summitry ( $2.8B AUM )
    November 4, 2024
    Buyer
    Aspen Standard Wealth, Alpine Investors
    Target
    Summitry
    Industry
    Wealth Management
    Location
    California, United States
    Type
    Addon

    Aspen Standard Wealth, a permanent RIA partnership backed by Alpine Investors, has acquired Summitry, a San Francisco Bay Area registered investment adviser with $2.8 billion in AUM. The deal brings Summitry into Aspen’s long-term, non-resale partnership model to support growth, people development, and continued client service.

Related Acquisition Pages

Cloud & SaaS Buyers & Acquisitions 16 tracked deals by Alpine Investors. Education Buyers & Acquisitions 10 tracked deals by Alpine Investors. Accounting & Tax Buyers & Acquisitions 6 tracked deals by Alpine Investors. Healthcare Services Buyers & Acquisitions 6 tracked deals by Alpine Investors. Acquisitions in California 12 tracked deals by Alpine Investors. Acquisitions in Florida 8 tracked deals by Alpine Investors. Acquisitions in Colorado 6 tracked deals by Alpine Investors. Acquisitions in Ohio 4 tracked deals by Alpine Investors.

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