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Announced

Palladin Consumer Retail Partners completed the acquisition of a majority stake in Southeast Mechanical.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Friendly

HVAC and plumbing maintenance

Private Equity

Completed

Household Equipment and Products

Private

United States

Single Bidder

Domestic

Synopsis

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Palladin Consumer Retail Partners, a private investment firm, completed the acquisition of a majority stake in Southeast Mechanical, a collection of four HVAC operating companies. Financial terms were not disclosed. "The Palladin team brings a wealth of experience growing service businesses. Their expertise and support will provide not only capital, but operational support that will be instrumental in helping Southeast Mechanical become a major regional and national HVAC platform. We look forward to working with Palladin during this next phase of growth," Hugh Elks, Southeast Mechanical President.

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