P1 Service Group
Backed by Edgewater Funds
History & Strategy
P1 Service Group is a Chicago-based home-services platform that expanded into the Tampa Bay market in 2024 with the acquisition of Cornerstone Pros in Land O' Lakes. P1 was reportedly near a $325 million merger with Columbia Home Services in 2025.
Business Model
P1 partners with market-leading HVAC, plumbing, and electrical contractors, providing operational support and growth capital while maintaining local brand identities.
PE Backer: Edgewater Funds
Edgewater Funds is a Chicago-based private equity firm focused on lower middle-market investments in services and distribution businesses.
Operational Practices
Partnership model, local brand retention, centralized operational support, growth capital for expansion and market penetration.
Tampa Bay Portfolio
Timeline
P1 Service Group Acquires Cornerstone Pros
P1 Service Group expands into the Southeast with the acquisition of Cornerstone Pros in Land O' Lakes, bringing another national platform to Tampa Bay.