The Edgewater Funds Announces P1 Service Group’s Acquisition of Essig Plumbing & Heating
Edgewater Growth Capital Partners IV, L.P. (“Edgewater”) is pleased to announce that its portfolio company P1 Service Group (“P1”) has acquired Essig Plumbing & Heating (“Essig” or the “Company”), a Reading, Pennsylvania-based, residential heating, ventilation, air-conditioning (“HVAC”) and plumbing services provider that expands the platform’s reach to the Mid-Atlantic region.
Since opening its doors in 1938, Essig Plumbing & Heating, a Nexstar member, remains a trusted name in Eastern Pennsylvania for HVAC service and plumbing repairs by sending the right person for the work required, delivering outstanding service, and providing ongoing training to its team. P1’s partnership with Essig has empowered the Company to better serve more homeowners throughout the Reading, Berks County, and Lehigh County areas without interruption and has made it possible for the company to remain a third-generation family-run business. Steve Essig will continue to lead Essig’s day-to-day operations and become a shareholder in the combined organization. To learn more please visit the Company’s website at www.pwessig.com.
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 the belief of its mission. P1 believes growth and profits come as a result of satisfied and supported team members through a positive, thriving culture. For more information, please 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 firstname.lastname@example.org for any questions or information.