Investments
86Portfolio Exits
48Funds
12About Edgewater Funds
The Edgewater Funds is a private equity firm that provides capital and resources to middle-market companies to help accelerate their growth. It prefers to invest in the government services, consumer products, healthcare, information technology and software sectors. The company was founded in 2001 and is based in Chicago, Illinois.

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Latest Edgewater Funds News
Jan 26, 2023
News provided by Share this article Share this article The industry-leading home service growth partner added over 270 team members and served more than 43,000 customers last year CHICAGO, Jan. 26, 2023 /PRNewswire/ -- P1 Service Group , an industry-leading growth partner that provides world-class resources to its home service partner companies across the country, added more than 270 new team members in 2022, helping to significantly bolster the capacity of its emergent family to serve more than 43,000 customers during the year. The company credits the commitment of its partner companies, along with its combined marketing and recruiting efforts, for its success in 2022 and anticipates strong progress to continue in the coming year. P1 Service Group added more than 270 team members and served more than 43,000 customers last year, and anticipates continued growth throughout 2023. "Our amazing growth this past year would not have been possible without the commitment of our partner companies to their teams and the people they serve," said P1 CEO Jeff Belk. "Our leadership has effectively identified the values we seek in partner companies and moved to quickly bring these companies into our family. These achievements show that when you put people first, your company can achieve its goals." In laying the foundation for their achievements in 2022, P1 Service Group partnered with three new companies in different markets across the country, expanded their industry expertise through the addition of six new leadership positions, and participated in its first business planning workshop with partner companies to build strategies for 2023. In addition, P1 Service Group invested in the communities they serve, donating $60,000 to charity and partaking in dozens of hours of community service. "Through a concerted effort to add subject matter experts to our leadership and consolidating marketing and recruiting resources for our partner companies, we have built the foundation for significant value creation," Belk said. "P1 is poised for significant growth in 2023, and we look forward to helping additional partner companies achieve their goals." For more information about P1 Service Group, please visit www.p1servicegroup.com . P1 Service Group is financially backed by River Sea Network and The Edgewater Funds . About P1 Service Group 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 . About River Sea Network River Sea Network , founded in 2020, is a private investment management firm located in New York City. Although it pursues other strategies, River Sea is currently investing committed capital in the residential heating & air conditioning industry. Following a transaction, River Sea provides capital investment, strategic advice, business consultation and human resources to help companies achieve their full potential. For more information, please visit www.riverseanetwork.com . About The Edgewater Funds The Edgewater Funds is a Chicago-based private equity firm with over $3.0 billion of capital commitments raised since 2001. Through Edgewater Growth Capital Partners, they partner with management to help accelerate growth in their businesses. They are a flexible partner and can execute control and non-control investments. Please contact [email protected] for any questions or information. MEDIA CONTACT:
Edgewater Funds Investments
86 Investments
Edgewater Funds has made 86 investments. Their latest investment was in Solgen Enterprises as part of their Private Equity on May 5, 2022.

Edgewater Funds Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/26/2022 | Private Equity | Solgen Enterprises | Yes | 1 | ||
2/19/2021 | Unattributed VC | Assurance Health System | $5.62M | Yes | 1 | |
12/17/2020 | Private Equity | DataBank | Yes | 1 | ||
10/10/2018 | Unattributed VC - II | |||||
7/13/2018 | Unattributed VC |
Date | 5/26/2022 | 2/19/2021 | 12/17/2020 | 10/10/2018 | 7/13/2018 |
---|---|---|---|---|---|
Round | Private Equity | Unattributed VC | Private Equity | Unattributed VC - II | Unattributed VC |
Company | Solgen Enterprises | Assurance Health System | DataBank | ||
Amount | $5.62M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Edgewater Funds Portfolio Exits
48 Portfolio Exits
Edgewater Funds has 48 portfolio exits. Their latest portfolio exit was Industrial Service Solutions on December 16, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/16/2022 | Acq - Fin - II | 4 | |||
8/24/2022 | Shareholder Liquidity | Homecare Holdings | 1 | ||
7/13/2022 | Shareholder Liquidity | Flow Control Holdings | 1 | ||
Date | 12/16/2022 | 8/24/2022 | 7/13/2022 | ||
---|---|---|---|---|---|
Exit | Acq - Fin - II | Shareholder Liquidity | Shareholder Liquidity | ||
Companies | Homecare Holdings | Flow Control Holdings | |||
Valuation | |||||
Acquirer | |||||
Sources | 4 | 1 | 1 |
Edgewater Funds Acquisitions
31 Acquisitions
Edgewater Funds acquired 31 companies. Their latest acquisition was Flex Pack on August 04, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
8/4/2022 | Acq - Fin | 1 | ||||
7/12/2017 | Debt | $0.68M | Acq - Fin | 1 | ||
7/14/2016 | Series A | $2.7M | Acquired | 2 | ||
2/9/2015 | ||||||
11/26/2014 |
Date | 8/4/2022 | 7/12/2017 | 7/14/2016 | 2/9/2015 | 11/26/2014 |
---|---|---|---|---|---|
Investment Stage | Debt | Series A | |||
Companies | |||||
Valuation | |||||
Total Funding | $0.68M | $2.7M | |||
Note | Acq - Fin | Acq - Fin | Acquired | ||
Sources | 1 | 1 | 2 |
Edgewater Funds Fund History
12 Fund Histories
Edgewater Funds has 12 funds, including EGCP INVESTMENT PARTNERS V-A.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/12/2020 | EGCP INVESTMENT PARTNERS V-A | $101M | 1 | ||
2/5/2019 | Edgewater Growth Capital Partners IV | Buyouts & Acquisitions | Closed | $1,344.12M | 4 |
2/17/2017 | EGCP IV LP | Diversified Private Equity | Closed | $20M | 1 |
12/31/2011 | Edgewater Growth Capital Partners III LP | ||||
6/17/2010 | Edgewater Growth Equity Partners III LP |
Closing Date | 11/12/2020 | 2/5/2019 | 2/17/2017 | 12/31/2011 | 6/17/2010 |
---|---|---|---|---|---|
Fund | EGCP INVESTMENT PARTNERS V-A | Edgewater Growth Capital Partners IV | EGCP IV LP | Edgewater Growth Capital Partners III LP | Edgewater Growth Equity Partners III LP |
Fund Type | Buyouts & Acquisitions | Diversified Private Equity | |||
Status | Closed | Closed | |||
Amount | $101M | $1,344.12M | $20M | ||
Sources | 1 | 4 | 1 |
Edgewater Funds Team
2 Team Members
Edgewater Funds has 2 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Jim Gordon | Founder | Current | |
Name | Jim Gordon | |
---|---|---|
Work History | ||
Title | Founder | |
Status | Current |
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