The Edgewater Funds Announces P1 Service Group’s Acquisition of McHales
Edgewater Growth Capital Partners IV, L.P. (“Edgewater”) is pleased to announce that its portfolio company P1 Service Group (“P1”) has acquired McHales (“McHales” or the “Company”), an award-winning home services company based in Levittown, Pennsylvania, adding to P1’s operations in the greater Philadelphia region.
For nearly 70 years, McHales has served the Levittown community by providing a variety of home service options, including plumbing, heating, cooling, electrical, and kitchen and bath remodeling. P1’s partnership with McHales has empowered owner Tim McHale to better serve homeowners in Bucks County and surrounding counties while still providing a stable and rewarding workplace for his technicians, customer service representatives, and team members. Tim McHale will continue to lead McHales’ day-to-day operations and become a shareholder in the combined organization. To learn more please visit the Company’s website at www.mchales.net.
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.