Secondary Buyout • Business Services

Palladin Consumer Retail Partners and Colmont Group Acquire Southeast Mechanical

On July 13, 2022, private equity firms Palladin Consumer Retail Partners and Colmont Group acquired business services company Southeast Mechanical from Colmont Group

Acquisition Context
  • This is Palladin Consumer Retail Partners’ 2nd and Colmont Group’s 1st transaction in the Business Services sector.
  • This is Palladin Consumer Retail Partners’ 11th and Colmont Group’s 2nd transaction in the United States.
  • This is Palladin Consumer Retail Partners’ 2nd and Colmont Group’s 2nd transaction in North Carolina.

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M&A Deal Summary

Date July 13, 2022
Target Southeast Mechanical
Sector Business Services
Buyer(s) Palladin Consumer Retail Partners
Colmont Group
Sellers(s) Colmont Group
Deal Type Secondary Buyout
Advisor(s) Johnston, Allison & Hord (Legal)

Target Company

Southeast Mechanical

Raleigh, North Carolina, United States
Southeast Mechanical is a HVAC services platform comprised of local market brands. The Company provides turnkey HVAC services to a wide range of residential and commercial customers across key markets in the Southeast U.S. Southeast Mechanical is based in Raleigh, North Carolina.
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Buyers Overview 2

DESCRIPTION

Palladin Consumer Retail Partners is a private equity firm focused on consumer and retail company investments across North America. The Firm looks to invest $25to $100 million in companies with $50 to $500 million of revenue. Specific areas of interest include specialty stores, branded apparel, drug stores, discount chains, food retailers, wholesalers and manufacturers of consumer goods, consumer services, and e-commerce. Palladin Consumer Retail Partners was formed in 1998 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 12 of 13
Sector: Business Services 2 of 2
Type: Secondary Buyout 1 of 1
State: North Carolina 2 of 2
Country: United States 11 of 12
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Tailwind Concessions

Wilmington, North Carolina, United States

Tailwind Concessions is a diversified airport concessionaire operating full-service restaurants, bars, retail, coffee, and gift shops in 37 regional airports throughout the U.S. Tailwind Concessions was founded in 2001 and is based in Wilmington, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 MAC.BID

Butler, Pennsylvania, United States

MAC.BID is an e‐commerce liquidation company for returned, excess, overstock, and other related inventory, partnering with a diverse group of retailers and wholesalers. The Company’s online marketplace, backed by its internally developed software, offers a broad portfolio of products ranging from small to big box items. MAC.BID was founded in 2018 and is based in Butler, Pennsylvania.

Buy -
DESCRIPTION

Colmont Group is a private equity firm focused on small businesses in the Southeastern US with strong growth potential. Colmont seeks family and founder owned companies with $5 million in revenue and at least $1 million EBITDA. The Firm will consider owner transition, shareholder liquidity, and corporate carve out situations of businesses operating in the B2B or B2C services, industrial products, and niche manufacturing industries. Colmont Group was founded in 2019 and is headquartered in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Secondary Buyout 1 of 1
State: North Carolina 2 of 2
Country: United States 2 of 2
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Archline

Charlotte, North Carolina, United States

Archline is a growing partnership of residential roofing and exterior improvement services companies serving communities across the U.S. Archline is based in Charlotte, North Carolina.

Buy -

Seller Profile 1

SELLER
DESCRIPTION

Colmont Group is a private equity firm focused on small businesses in the Southeastern US with strong growth potential. Colmont seeks family and founder owned companies with $5 million in revenue and at least $1 million EBITDA. The Firm will consider owner transition, shareholder liquidity, and corporate carve out situations of businesses operating in the B2B or B2C services, industrial products, and niche manufacturing industries. Colmont Group was founded in 2019 and is headquartered in Charlotte, North Carolina.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Secondary Buyout 1 of 1
State: North Carolina 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Archline

Charlotte, North Carolina, United States

Archline is a growing partnership of residential roofing and exterior improvement services companies serving communities across the U.S. Archline is based in Charlotte, North Carolina.

Buy -