private equityreported
LP First Capital
Austin, TX · ~$<1B AUM
In one paragraph. LP First Capital is a private equity based in Austin, TX managing roughly $<1B in assets. In Tampa Bay its capital sits behind Cascade Services, which together control 1 local brand.
Why it invests in the trades
Co-investor with Trive Capital in Cascade Services, the Florida residential HVAC and plumbing platform that acquired Harrington Air Conditioning in Pinellas County in 2025.
Platforms in Tampa Bay (1)
Cascade Services
Tampa, FL · 1 local brands
Local brands ultimately backed by LP First Capital (1)
Harrington Air Conditioning
Owned by Cascade Services · backed by Trive Capital
Deals
Frequently asked
What does LP First Capital own in Tampa Bay?
Harrington Air Conditioning, through Cascade Services.
Is LP First Capital a private-equity firm?
Yes.
How long will LP First Capital hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Reported — credible press
- Cascade Services (2024-01-11) — press release. Named alongside Trive Capital as Cascade's backer
- PrivSource (2026-09-09) — other. Named in the December 2022 platform formation
See something wrong? Request a correction — we publish our corrections log.
Loading comments…