M&A Deal Summary

P1 Service Group Acquires Cornerstone

On January 1, 2024, P1 Service Group acquired consumer services company Cornerstone

Acquisition Highlights
  • This is P1 Service Group’s 3rd transaction in the Consumer Services sector.
  • This is P1 Service Group’s 6th transaction in the United States.
  • This is P1 Service Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-01-01
Target Cornerstone
Sector Consumer Services
Buyer(s) P1 Service Group
Deal Type Add-on Acquisition

Target

Cornerstone

Land O’ Lakes, Florida, United States
Cornerstone provides HVAC, electrical, and plumbing services. Cornerstone was formed in 2006 and is headquartered in Land O’ Lakes, Florida.

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Buyer(S) 1

Buyer

P1 Service Group

Irvine, California, United States
Category Company
Founded 2021
Sector Business Services
DESCRIPTION

P1 Service Group is an investment firm that takes a people-first approach to partnering with companies that provide residential HVAC, plumbing, and electrical services. P1 Service Group was founded in 2021 and is based in Irvine, California.

DEAL STATS #
Overall 6 of 6
Sector (Consumer Services) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Florida) 1 of 1
Country (United States) 6 of 6
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 J&M Plumbing & Drain Cleaning

Levittown, Pennsylvania, United States

J&M Plumbing & Drain Cleaning provides quality plumbing services to homes and businesses throughout Levittown and Bucks County. J&M Plumbing & Drain Cleaning was formed in 2009 and is headquartered in Levittown, Pennsylvania.

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