Buyer Dossier: Alpine Investors

Buyer Profile

Platform

Alpine Investors

Backer

Independent PE (Fund VII)

Headquarters

San Francisco, CA

Revenue (AUM)

~$15B AUM

Verticals

Home Services, HVAC, Tech-Enabled Services

Acquisition Strategy

PeopleFirst platform builds via tuck-ins

Key Contacts

Name	Title	Email	Notes
Graham Weaver	Founder & CEO	—	Founded firm in 2001; leads overall strategy
Alex Pattis	Partner, Home Services	—	Oversees HVAC platform investments incl. Orion Group
Alpine Corp Dev Team	Corporate Development	—	Primary outreach channel for new deal flow

Strategic Fit

Alpine Investors launched Orion Group in November 2020 using Jackson Mechanical (Oklahoma City) as the platform company, with an explicit public mandate to acquire family-owned commercial HVACR businesses nationwide. McLean, VA — sitting inside the highest-density federal and government-contractor HVAC corridor on the East Coast — is a logical expansion market that Orion has not yet entered.

Alpine's PeopleFirst philosophy is structurally distinct from typical financial buyers: their 2025 year-in-review leads with talent sourcing alongside deal sourcing, and their CEO-in-Residence program places proven operators into acquired companies rather than imposing a financial overlay. For a founder like Fred Lowry who cares about what happens to his team post-close, this is a genuinely differentiated message.

Alpine closed a record 190 deals in 2025 and stood up a $3.4B continuation vehicle — the capital and acquisition velocity are both in place. Air Control's residential and light-commercial HVAC mix, established customer relationships, and trained technician base are exactly the profile Orion Group adds to fill geographic white space.

Approach Strategy

Call Opener

"Alpine just closed a record 190 deals in 2025 — they're not slowing down, and their two HVAC platforms are the reason they stood up a $3.4 billion continuation vehicle in the first place."

1

When Alpine launched Orion Group in November 2020 with Jackson Mechanical out of Oklahoma City, they said publicly they planned to roll up family-owned commercial HVACR businesses nationwide — McLean fits that map exactly, and Orion has no East Coast presence yet.

2

Alpine calls themselves a "PeopleFirst" firm and they mean it structurally — their 2025 year-in-review leads with talent sourcing alongside deal sourcing, which is the kind of message that resonates with a founder who cares about what happens to his techs post-close.

3

The $3.4B continuation vehicle means Alpine can hold assets longer and doesn't need a hard exit window — for a seller who wants to stay involved for 2–3 years during transition, that patient-capital structure is a significant advantage over typical 5-year fund buyers.

Pipeline History

Step	Status	Date	Notes
Dossier Created	Complete	Mar 29, 2026	Initial buyer research and profile built
Outreach	Next	—	Target Alex Pattis / Orion Group corp dev via LinkedIn + email
Intro Call	—	—	—
NDA / CIM Delivery	—	—	—