Announced
Financials
Tags
Majority
Acquisition
Friendly
HVAC and plumbing maintenance
Private Equity
Completed
Household Equipment and Products
Private
United States
Single Bidder
Domestic
Synopsis
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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