Edgewater Funds Invests in Silver State Refrigeration & HVAC

Silver State Acquires Four Commercial HVAC and Mechanical Service Providers

September 18, 2025

HVAC & Mechanical

Silver State HVAC, a platform backed by The Edgewater Funds, acquired four regional commercial HVAC, refrigeration and mechanical service providers — Westaire (Ventura, CA), Tri-Point Refrigeration (Austin, TX), The Whitman Co. (Anaheim, CA) and Atlantic Coast Restaurant & Mechanical Services (Miami, FL). The add-on deals expand Silver State’s geographic footprint across the southern United States and enhance its capabilities in commercial HVAC, refrigeration, kitchen equipment installation and related mechanical services.

Silver State Acquires Westaire Heating & Air Conditioning

April 3, 2025

HVAC & Mechanical

Silver State HVAC, Refrigeration & Plumbing (a portfolio company of The Edgewater Funds) has acquired Westaire Heating & Air Conditioning, Inc., a Ventura, California-based commercial HVAC and refrigeration services provider. The acquisition expands Silver State’s California footprint — complementing its Los Angeles and Sacramento operations — and adds technicians, installers and office staff to bolster commercial preventative maintenance, repair, installation and 24/7 emergency capabilities.

Silver State Acquires The Whitman Company

August 12, 2025

HVAC & Mechanical

Silver State HVAC, Refrigeration & Plumbing has acquired The Whitman Company, Inc., a commercial HVAC service provider founded in La Mirada, California in 1985, to expand Silver State's Southern California footprint. The deal is an add-on to Silver State's platform (which is backed by The Edgewater Funds) and strengthens its commercial HVAC installation, maintenance and replacement capabilities across Los Angeles and Orange counties.

Silver State Acquires All American Mechanical, Inc.

December 8, 2025

HVAC & Mechanical

Silver State HVAC, Refrigeration & Plumbing has acquired All American Mechanical, Inc., a commercial HVAC, refrigeration and kitchen equipment service provider based in El Dorado Hills, California. The acquisition expands Silver State's California footprint and strengthens its service capabilities for restaurants and foodservice customers across Northern California.

The Edgewater Funds Invests in Nationwide Coils, Inc.

August 1, 2024

Manufacturing

The Edgewater Funds (Edgewater Growth Capital Partners V) has made an investment in Nationwide Coils, Inc., a Somers, New York-based distributor and manufacturer of custom HVAC replacement coils and heat exchangers. The investment establishes Nationwide Coils as a new platform for Edgewater to scale through organic growth and strategic add-on acquisitions while partnering with founder Ross Stephens and management.

S|E|Capital Partners Acquires Sierra Air Conditioning, Inc. and Sierra, LLC

January 2, 2020

HVAC & Mechanical

S|E|Capital Partners, a Chicago-based private investment firm, acquired Sierra Air Conditioning, Inc. and Sierra, LLC, closing the transaction on January 2, 2020. Sierra is a dominant residential HVAC installer and service provider in the Las Vegas market; the buyer sees the business as an ideal platform to expand its footprint and offerings.