private equityreported
The Edgewater Funds
Chicago, IL · ~$<1B AUM
In one paragraph. The Edgewater Funds is a private equity based in Chicago, IL managing roughly $<1B in assets. In Tampa Bay its capital sits behind P1 Service Group, which together control 2 local brands.
Why it invests in the trades
Chicago middle-market firm backing P1 Service Group, which targets home-services companies with $10-$100 million of revenue and entered Tampa Bay via Cornerstone Pros of Land O' Lakes in November 2024.
Platforms in Tampa Bay (1)
P1 Service Group
Chicago, IL · 2 local brands
Local brands ultimately backed by The Edgewater Funds (2)
Cornerstone Pros
Owned by P1 Service Group · backed by The Edgewater Funds
Frosty's Air Conditioning
Owned by P1 Service Group · backed by The Edgewater Funds
Deals
Frequently asked
What does The Edgewater Funds own in Tampa Bay?
Cornerstone Pros, Frosty's Air Conditioning, through P1 Service Group.
Is The Edgewater Funds a private-equity firm?
Yes.
How long will The Edgewater Funds hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Reported — credible press
- The Edgewater Funds — press release. P1 Service Group portfolio page
- The Edgewater Funds — press release. Three-company HVAC acquisition announcement
- PR Newswire / P1 Service Group (2024-11-12) — press release. Names Edgewater and River Sea Network as backers
Researcher notes: AUM band is an estimate; founding year not captured.
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