Services

Investing in services means investing in opportunities emerging in the largest market in the world. While the services industry is vast, Apax has identified and built particular expertise in narrow sub-sectors.

30%
of AGA’s Invested Portfolio
as at 31/12/2024
2
core sub-sectors

Density-driven business models

Focused on building sub-sector champions in route-based services, logistics & distribution, and home & subscription services.

Outsourced sales and marketing

Long-standing experience in insurance brokerage services, wealth management, and asset management.

PIB Group

  • Services
  • Fund
    Apax X
  • % of Nav
    5
  • Entry year
    2021
  • Current valuation
    €59.6m
  • Geography
    United Kingdom
Website

PIB Group is a highly diversified insurance distribution consolidator, operating primarily across the UK, with a presence in Europe. PIB focuses on
distribution of specialist commercial lines, through both direct distribution and B2B distribution.

Alcumus/Veriforce

  • Services
  • Year of investment
    2022
  • Fund
    Apax X & Apax XI
  • % of Nav
    5
  • Entry year
    2022
  • Current valuation
    €58.7m
  • Geography
    North America

Technology providers of risk management solutions, serving a multitude of end markets.

Assured Partners

  • Services
  • Fund
    Apax IX
  • % of Nav
    4
  • Entry year
    2019
  • Current valuation
    €53.7m
  • Geography
    North America
Website

AssuredPartners is a mid-market insurance brokerage firm offering a range of services, including commercial insurance, risk management, and employee benefits across the United States, United Kingdom, Ireland, and Belgium.

SavATree

  • Services
  • Fund
    Apax X
  • % of Nav
    3
  • Entry year
    2021
  • Current valuation
    €35.7m
  • Geography
    North America
Website

SavATree is a US based arboriculture services provider offering science-driven tree, shrub, and lawn care services operating through 89 locations across 33 states, serving residential, commercial, and community properties with a strong focus on sustainability.

Oncourse Home Solutions

  • Services
  • Fund
    Apax X
  • % of Nav
    3
  • Entry year
    2021
  • Current valuation
    €35.5m
  • Geography
    North America
Website

Oncourse Home Solutions (formerly American Water Resources) provides affordable home protection programs that help protect against unexpected repair costs for service line emergencies.