The Edgewater Funds Invests in Nationwide Coils, Inc.

Edgewater Funds Invests in Silver State Refrigeration & HVAC

July 1, 2024

HVAC & Mechanical

Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds) has made an investment in Silver State Refrigeration & HVAC, a Las Vegas-area commercial HVAC, refrigeration and plumbing services provider founded in 2003. The transaction establishes Silver State as a platform for a new buy-and-build initiative in commercial facility services, with Edgewater partnering with management to accelerate growth through add-on acquisitions.

Edgewater Growth Capital Partners Invests in Boulden Company, Inc.

August 8, 2025

Manufacturing

Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds) has made an investment in Boulden Company, Inc., a Conshohocken, Pennsylvania-based supplier of wear components and services for high-value reciprocating and rotating equipment. The investment launches a new Edgewater platform focused on aftermarket wear components, materials solutions, and services; Edgewater plans to scale the platform through organic growth and strategic add-on acquisitions while partnering with founder Brian Boulden and the existing management team.

Edgewater Capital Partners Acquires NeoGraf Solutions, LLC

January 31, 2023

Manufacturing

Edgewater Capital Partners has acquired NeoGraf Solutions, LLC from Aterian Investment Partners. NeoGraf, a Lakewood, Ohio–based designer, formulator, and manufacturer of specialty natural graphite products serving end markets such as electric vehicles, electronic thermal management, renewable energy and building materials, will be supported by Edgewater to accelerate growth and product development.

Gryphon Investors Acquires Ed's Supply Company

April 25, 2022

Building Products

Gryphon Investors has acquired Ed's Supply Company, a Nashville-based wholesale HVAC/R distributor with 19 locations across Arkansas, Georgia, Kentucky and Tennessee, and will operate it as an independent division of its Heritage Distribution Holdings platform. Financial terms were not disclosed; the existing management team will remain in place with former president Steve Byram becoming an advisor and Tucker Byram named President. The deal expands Heritage Distribution Holdings' multi-region HVAC/R footprint in the Southeast.

Edgewater Capital Partners Acquires AmeriWater

July 19, 2022

Industrial Services

Edgewater Capital Partners, a Cleveland-based private equity firm, acquired AmeriWater, a Dayton, Ohio company that designs, manufactures, installs, and services high-purity water purification systems for healthcare (including dialysis) and industrial customers. Edgewater said it will support AmeriWater’s growth through product development, technological investment, and end-market expansion.

Nation Wide Products Acquires RV Air

January 19, 2022

HVAC & Mechanical

Abilene, Texas-based Nation Wide Products completed an asset acquisition of RV Air, a maker of replacement RV air conditioner filters sold through major retailers and online. Westlake Securities served as exclusive financial advisor to Nation Wide; the deal expands Nation Wide's national retail footprint and adds HVAC accessory product capabilities to its portfolio.