Edgewater Growth Capital Partners V, L.P. (“Edgewater”) is pleased to announce that its portfolio company, Nationwide Cooling Group, LLC (“Nationwide Cooling Group”), has completed the acquisition of Cooney Coil & Energy, Inc. (“Cooney” or the “Company”).

Founded in 2009 and headquartered in King of Prussia, Pennsylvania, Cooney is a leading provider of replacement coils and engineered solutions for the HVAC/R industry. Cooney’s engineered solutions include its patented Freeze Block Coils, Thermo-Pack Heat Exchangers, Smart Coil, and Transit Coils. The Company serves HVAC OEMs, contractors, manufacturers’ representatives, and commercial end-users across the country. “

The addition of Cooney bolsters the platform’s sales and engineering capabilities,” said Hal Liller, Chief Executive Officer of Nationwide Cooling Group. “Cooney’s engineering expertise and patented technologies complement our existing product offering and will create meaningful value for our customers and partners.”

About Nationwide Cooling Group, LLC

Nationwide Cooling Group is a vertically integrated HVAC/R platform providing sales and engineering, manufacturing, and complementary value-added services for the commercial and industrial HVAC/R coil industry. The platform includes HVAC/R coil distributors and manufacturers, offering customers a fully integrated solution across the HVAC/R coil lifecycle. For more information, visit www.nationwidecoolinggroup.com.

About The Edgewater Funds

The Edgewater Funds is a Chicago-based private equity firm with over $4 billion of capital commitments raised since 2001. Edgewater partners with entrepreneurs and management teams to help accelerate growth in their businesses. For more information, visit www.edgewaterfunds.com.