Firm at a glance
Edgewater Funds is a platform private equity firm founded in 2001 and headquartered in Chicago, IL, per its own website [S1].
What they buy
Based on publicly disclosed transactions, Edgewater appears to focus on industrial and business services companies [S2]. Recent activity includes precision manufacturing businesses, commercial HVAC service providers, and healthcare-related services [S2]. The firm has raised approximately $4 billion of capital commitments since its founding and is currently investing from Fund V [S1][S2].
Portfolio
Edgewater does not publish a current portfolio list on its public website. Recent platform acquisitions and add-on transactions disclosed through 2026 include:
**Industrials**
* AFT Industries, Inc. (platform, April 2026) [S2]
* Ace Precision Industries, Inc. (add-on, November 2025) [S2]
* Nationwide Coils, Inc. (platform, August 2024) [S2]
**Business Services**
* Boulden Company, Inc. (platform, August 2025) [S2]
* Four Commercial HVAC Service Providers (add-on, September 2025) [S2]
* Protecall Corp. (add-on, March 2026) [S2]
* Triple Threat Communications (add-on, July 2025) [S2]
**Healthcare**
* Elevate Patient Financial Solutions (exited July 2025) [S2]
Recent activity (last 24 months)
* April 2026: Acquired AFT Industries, Inc. [S2]
* March 2026: Acquired Protecall Corp. as an add-on [S2]
* November 2025: Acquired Ace Precision Industries, Inc. as an add-on [S2]
* September 2025: Acquired four commercial HVAC service providers as add-ons [S2]
* August 2025: Acquired Boulden Company, Inc. [S2]
* July 2025: Exited Elevate Patient Financial Solutions [S2]
* July 2025: Acquired Triple Threat Communications as an add-on [S2]
* August 2024: Acquired Nationwide Coils, Inc. [S2]
How this firm fits a seller
Edgewater demonstrates an active buy-and-build strategy, completing four add-on acquisitions in the trailing twelve months per public disclosures [S2]. This cadence suggests the firm may offer sellers in industrial and business services sectors the opportunity to join existing platforms with consolidation mandates. The firm completed at least one exit in the past 24 months, indicating active portfolio management [S2]. Sellers in precision manufacturing, HVAC services, or related industrial niches may find sector alignment with Edgewater’s observed investment pattern.
Sources
[S1] https://www.edgewaterfunds.com/about-us/ (as of 2025-07-15)
[S2] https://www.edgewaterfunds.com/news/ (as of 2025-07-15)
Frequently asked questions
Does Edgewater Funds buy industrial businesses?
Yes, per publicly disclosed transactions. Edgewater has acquired multiple industrial companies including AFT Industries in April 2026, Ace Precision Industries in November 2025, and Nationwide Coils in August 2024 [S2]. The firm appears to actively pursue precision manufacturing and related industrial services businesses.
What companies has Edgewater Funds acquired recently?
Recent acquisitions include AFT Industries, Inc. in April 2026, Protecall Corp. in March 2026, and Boulden Company, Inc. in August 2025 [S2]. The firm also completed multiple add-on acquisitions including Ace Precision Industries and four commercial HVAC service providers in late 2025 [S2].
Where is Edgewater Funds based and how big is the firm?
Edgewater Funds is based in Chicago, IL [S1]. The firm has raised approximately $4 billion of capital commitments since its founding in 2001 and is currently investing from Fund V [S1][S2].
Is Edgewater Funds still actively acquiring?
Yes, Edgewater appears to be actively acquiring. The firm completed its most recent disclosed transaction in April 2026 with the acquisition of AFT Industries, Inc., and has completed at least seven transactions in the past 24 months [S2].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.