The Edgewater Funds Announces P1 Service Group’s Acquisition of Sky Heating, AC, Plumbing & Electrical
Edgewater Growth Capital Partners IV, L.P. (“Edgewater”) is pleased to announce that its portfolio company P1 Service Group (“P1”) has acquired Sky Heating, AC, Plumbing & Electrical (“Sky” or the “Company”), a Portland, Oregon-based, residential heating, ventilation, air-conditioning (“HVAC”), plumbing and electrical services provider that expands the platform’s reach to the Pacific Northwest region.
Sky Heating, AC, Plumbing & Electrical has offered expert home service solutions to homeowners across Oregon and Southwest Washington since 1979. With physical locations in Portland, The Dalles, and Gresham, the Company has continuously added services and solutions to help meet the needs of their expanding customer base. Travis Smith, Sky’s Owner and President, will continue to lead Sky’s day-to-day operations and become a shareholder in the combined organization. To learn more please visit the Company’s website at www.skyheating.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.