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Private-Credit Borrower

Apex Service Partners, LLC


A national platform (roll-up) of residential home-services companies providing HVAC (heating, ventilation, air conditioning), plumbing, and electrical services to homeowners. It was built by acquiring and partnering with local service brands that continue to operate under their own names, making it one of the largest residential HVAC/plumbing/electrical consolidators in the United States.

Company profile. Written by an AI model from public web sources; not checked for copying; not taken from the company's or the lender's SEC filing. — distinct from the SEC Schedule-of-Investments pricing data below. · AI-generated analysis. Not investment advice. May contain errors.

7
BDC Lenders
23
Debt Positions
2
Equity / Other Positions

Lenders

Apex Service Partners, LLC is held by 7 BDC lenders in our parsed SEC filings: AGTC, ARCC, FSK, GBDC, MSDL, NCDL, PSBD.

Cross-lender loan pricing

Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public). Lenders whose newest filing no longer names this borrower are listed separately under “Exited” below.

BDCTypeRateCash spread (bps)Mark (% of par)Fair ValueMaturityFiling
AGTC1L Sr SecuredSOFR500100.0$74M2030-102026-08-07
AGTC1L Sr SecuredSOFR500100.0$936K2029-102026-08-07
ARCC1L Sr SecuredSOFR500100.0$4M2029-102026-07-29
ARCC1L Sr SecuredSOFR500100.0$199M2030-102026-07-29
FSK1L Sr SecuredSOFR500100.0$2M2029-102026-08-06
FSK1L Sr SecuredSOFR500100.0$31M2030-102026-08-06
FSK1L Sr SecuredSOFR500100.0$3M2029-102026-08-06
FSK1L Sr SecuredSOFR500100.0$92M2030-102026-08-06
GBDC1L Sr SecuredSOFR50097.3$36K2029-102026-08-03
GBDC1L Sr SecuredSOFR50098.8$6M2030-102026-08-03
GBDC1L Sr SecuredSOFR50098.8$4M2030-102026-08-03
GBDC1L Sr SecuredSOFR50098.8$2M2030-102026-08-03
GBDC1L Sr SecuredSOFR50098.8$14M2030-102026-08-03
GBDC1L Sr SecuredSOFR50098.8$1M2030-102026-08-03
MSDL1L Sr SecuredSOFR500100.0$30M2030-10-242026-08-06
MSDL1L Sr SecuredSOFR500100.0$7M2030-10-242026-08-06
MSDL1L Sr SecuredSOFR500100.0$1M2029-10-242026-08-06
NCDL1L Sr SecuredSOFR500101.3$155K2030-10-242026-08-06
NCDL1L Sr SecuredSOFR500101.3$155K2030-10-242026-08-06
NCDL1L Sr SecuredSOFR500101.3$632K2030-10-242026-08-06
PSBD1L Sr SecuredSOFR50099.8$2M2030-10-242026-08-05
PSBD1L Sr SecuredSOFR50099.8$2M2030-10-242026-08-05
PSBD1L Sr SecuredSOFR50099.8$711K2030-10-242026-08-05

Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith under the oversight of each BDC’s board (often by the adviser as valuation designee), so figures are estimates as of the period end each filing reports, not its filing date, and are not directly comparable across managers. Informational only; not investment advice or a valuation.

Equity and other positions

Current positions that are not funded debt (equity, preferred, units) — counted among the BDCs that hold this borrower, but they carry no loan spread, so they sit outside the pricing table. Source: SEC EDGAR (public).

BDCTypeFair ValueFiling
ARCCCommon Equity$12M2026-07-29
AGTCCommon Equity$2M2026-08-07

Exited

Exited or inactive lenders: last-filed positions, not current. Excluded from every count and figure above.

BDCStatusPositionsLast-filed Fair Value
OBDCExited (last filed 2024-11-06)2$34M
PFLTExited (last filed 2023-12-08)8$35M
PNNTExited (last filed 2023-12-08)7$21M

Ownership & deal activity

Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.

  • acquisitionApex Service Partners acquires Frontier Service Partners from Imperial CapitalApex Service Partners acquired Frontier Service Partners from Imperial Capital, a Midwest residential home-services platform comprising three brands (Haley Mechanical in Ann Arbor MI, Korte Does It All in Fort Wayne IN, and AB May in Kansas City MO), integrating them into Apex's national HVAC, plumbing, and electrical platform.2024-01-23 · per prnewswire.com
  • acquisitionApex Service Partners acquires BelRed Energy Solutions (reported)Apex Service Partners acquired Seattle-area HVAC and energy solutions company BelRed Energy Solutions, as announced by ACT Capital Advisors, expanding Apex's footprint into the Pacific Northwest.2022-01-04 · per zoominfo.com
  • acquisitionApex Service Partners acquires Owyhee Heating & Air (Nampa, ID)Apex Service Partners acquired Owyhee Heating & Air, a Nampa, Idaho HVAC company founded in 1946, folding it into its Apex West Region Holdco alongside earlier tuck-in Right Now Heating and Air Conditioning.2022-01-01 · per boisedev.com
  • acquisitionApex Service Partners acquires tech company HomeBreezeApex Service Partners acquired HomeBreeze, a three-year-old technology company enabling online quotes and installations for water heater replacements, for an undisclosed sum to expand its home services capabilities.per homepros.news

Verified headlines that signal an acquisition, merger, buyout, sponsor change, refinancing, or restructuring involving Apex Service Partners, LLC. A mention is not confirmation of a completed deal — verify against the linked source. Source: Google News.

Headlines mentioning Apex Service Partners, LLC

Public headlines that name Apex Service Partners, LLC, matched by company name and shown most-recent first. A mention is not an endorsement, a rating, or investment advice — verify anything material against the original source. Source: Google News.

Reading this table

When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).

Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.