Frosty's Air Conditioning
HVAC · Tampa, Hillsborough County
About the company
Tampa air conditioning contractor that has served the Tampa Bay region for about 34 years, according to its platform owner's brand page. It is one of two Florida brands in the P1 Service Group portfolio, alongside Cornerstone Pros of Land O' Lakes.
Ownership history
What changed after the sale
P1 Service Group lists Frosty's under its own name on the platform brand roster, indicating brand retention. No acquisition press release, date, price or leadership statement was located.
Only sourced observations are listed. Customers and employees can add what they saw.
Who really profits
Money paid to Frosty's Air Conditioning now flows to P1 Service Group (Chicago, IL), and from there to its investors — The Edgewater Funds, River Sea Network, The Edgewater Funds — whose funds are ultimately owed returns by their limited partners. Chicago-based residential home-services acquirer backed by The Edgewater Funds and River Sea Network, targeting companies in the $10-$100 million revenue range with a stated 'people first' partnership model that keeps founders and brands in place. Entered Tampa Bay in November 2024 by partnering with Cornerstone Pros of Land O' Lakes (Pasco County), a nearly 20-year-old HVAC, plumbing, electrical and indoor-air-quality contractor founded by Dana Spears.
Read more: why prices rise after a sale · debt, exits and the 5-year clock.
Same owner, different name
Other Tampa Bay brands controlled by P1 Service Group. Getting a "second opinion" from one of these is not a second opinion.
Cornerstone Pros
Frequently asked
Who owns Frosty's Air Conditioning?
Frosty's Air Conditioning is owned by P1 Service Group, a private-equity platform headquartered in Chicago, IL, whose capital has come from The Edgewater Funds, River Sea Network and 1 other investor. The sale was announced on an undisclosed date; the company still operates under its original name.
Is Frosty's Air Conditioning private equity owned?
Yes. Frosty's Air Conditioning is part of P1 Service Group, which is backed by The Edgewater Funds and River Sea Network and The Edgewater Funds. See the buyer profile for the capital structure.
Is Frosty's Air Conditioning locally owned?
Not in the sense most homeowners mean. Control sits with P1 Service Group in Chicago, IL, although the local brand name is still used.
When was Frosty's Air Conditioning sold?
Date not disclosed (announcement date).
Did Frosty's Air Conditioning change its name after the sale?
No. Keeping the acquired brand name is standard practice for platforms; it preserves customer trust and reviews while ownership changes behind it.
Sources Inferred — pattern evidence
- P1 Service Group (2026-09-09) — platform site. Brand roster lists Frosty's Air Conditioning, Tampa, 34 years serving Tampa Bay
Researcher notes: Ownership is established by the platform's own brand page, but no announcement date or transaction record was found; treat the deal date as unknown.
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