Investment Summary

The Edgewater Funds Invests In Silver State

On July 30, 2024, private equity firm The Edgewater Funds invested in business services company Silver State

Investment Highlights
  • This is The Edgewater Funds’ 3rd transaction in the Business Services sector.
  • This is The Edgewater Funds’ 51st transaction in the United States.
  • This is The Edgewater Funds’ 1st transaction in Nevada.

Investment Summary
Date 2024-07-30
Target Silver State
Sector Business Services
Investor(s) The Edgewater Funds
Deal Type Stake Purchase

Target

Silver State

Las Vegas, Nevada, United States
Silver State provides aftermarket heating, ventilation, air conditioning, refrigeration and plumbing services to a large base of commercial customers across the Southwestern United States. Silver State was founded in 2003 and is based in Las Vegas, Nevada.

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Investor(S) 1

Investor

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 53 of 54
Sector (Business Services) 3 of 3
Type (Stake Purchase) 2 of 2
State (Nevada) 1 of 1
Country (United States) 51 of 52
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Unitech Composites

Hayden, Idaho, United States

Unitech Composites designs develop and manufacture high-performance parts and assemblies for the aerospace and defense industries. Unitech Composites specializes in composite and metal parts for all segments of the aircraft industry, including new production and aftermarket service for both commercial and defense aircraft. Unitech Composites was founded in 1980 and is based in Hayden, Idaho.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 Nationwide Coils

Somers, New York, United States

Nationwide Coils is a distributor of custom heating, ventilation, and air conditioning (HVAC) replacement coils and heat exchangers for commercial and industrial facilities. Nationwide Coils was founded in 2004 and is based in Somers, New York.

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