Edgewater Growth Capital Partners IV, L.P. (“Edgewater”) is pleased to announce that its portfolio company P1 Service Group (“P1”) has acquired three HVAC companies: Cornerstone Air Conditioning & Heating, Inc. (“Cornerstone”) in Land O’ Lakes, FL, The Plumbing Works (“Plumbing Works”) in Reading, PA and J&M Plumbing & Drain Cleaning (“J&M”) in Levittown, PA.

Cornerstone will be a sister company to current operating companies Perfect Home, Essig, McHales, and Sky as the company’s fifth market area leader. Cornerstone has built a reputation for exceeding Florida residents’ expectations with quality care and superiority of service since 2006. Cornerstone’s skilled group of technicians provides cooling & heating, plumbing and electrical services to Pasco, Hillsborough, Hernando, Pinellas and Citrus counties in the Tampa, FL region. Cornerstone’s leadership in service, skill and community has earned them an accredited A+ rating with the Better Business Bureau, several Angie’s List Super Service Awards, and local partnerships with the Chamber of Commerce. To learn more, visit the Company’s website at www.cornerstonepros.com.

Plumbing Works and J&M will enhance current operations in the greater Philadelphia and Eastern Pennsylvania regions. Given the service area and market proximity, Plumbing Works will join forces with current market area leader, Essig, in Reading, PA and J&M will join market area leader, McHales, in Levittown, PA.

Founded in 2021, P1 Service Group is an industry-leading growth partner to home service companies across the country. P1 supports its residential HVAC, plumbing, and electrical partner companies with a ‘people first’ approach, providing resources in the areas of recruiting, marketing, finance, training, leadership, acquisitions, business strategy, call center management, equipment pricing and procurement and more. P1 partners with home service companies in the range of $10 to $100 million in annual revenue that share in its mission. P1 believes growth and profits come from satisfied and supported team members through a positive, thriving culture. For more information, visit www.p1servicegroup.com.

Edgewater partners with outstanding management teams to accelerate growth in their business. We are a flexible partner and can execute control and non-control investments. Please contact us at info@edgewaterfunds.com for any questions or information.