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The Apex Companies were founded by Albert Pilavin in 1924. Apex started as a tire retreading, automotive service and manufacturing business. [1] According to company lore, Pilavin chose the name Apex because his initials were A.P., as well as the name's suggestion of "highest point or peak."
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Founded in 1943, the Merchant family from Manassas, VA owned and operated the first retail stores for Merchant's Tire and Auto. Over the next decades, the company expanded along the East Coast. In the year 2003, Tire Kingdom purchased National Tire & Battery (NTB) and Merchant's Tire & Automotive Service.
Apex Tool Group is an American supplier of hand tools and power tools. It was formed as a joint venture of Cooper Industries and Danaher by the merger of Cooper Tools and Danaher's Tools and Components segment. In October 2012, Danaher and Cooper sold Apex to Bain Capital for about $1.6 billion.
Manassas is located at (32.164091, -82.021337 [ 8 ] According to the United States Census Bureau , the city has a total area of 0.8 square miles (2.1 km 2 ), all of it land.
The company was backed by investors Goldman Sachs and Summit Partners, which acquired minority stakes in AvePoint in 2014 and 2007, respectively. [3]In January, 2020 the company announced a $200 million Series C investment led by TPG Sixth Street Partners, with additional participation from prior investor Goldman Sachs and other unnamed investors.