M&A Deal Summary

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 Highlights
  • This is Palladin Consumer Retail Partners’ 1st and Colmont Group’s 1st transaction in the Business Services sector.
  • This is Palladin Consumer Retail Partners’ 10th and Colmont Group’s 1st transaction in the United States.
  • This is Palladin Consumer Retail Partners’ 1st and Colmont Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-07-13
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

Southeast Mechanical

Raleigh, North Carolina, United States
Southeast Mechanical is a highly scalable and proven platform that currently consists of four primary HVAC operating companies in North Carolina: Triangle Contractors, Warren-Hay Mechanical Contractors (including Sheet Metal Duct Suppliers), Airmakers Heating & Cooling, and Logan Heating & Air Conditioning. The Company operates and is focused on expanding in the highly attractive southeast U.S. market through organic growth and acquisitions. Southeast Mechanical is based in Raleigh, North Carolina.

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Buyer(S) 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 $10 to $50 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 STATS #
Overall 11 of 11
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Leapfrog

Chicago, Illinois, United States

Leapfrog is a designer, developer, and distributor of new and innovative products that bring meaningful delight and value to their customers. Leapfrog’s products are distributed under three well-known brands– Ello, for style and substance, Zulu, designed for fueling athletes, and Pogo, keeping up with family life on the go — primarily through major retail chains and direct-to-consumers through leading e-commerce platforms. Leapfrog was founded in 2009 and is based in Chicago, Illinois.

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 STATS #
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

Seller(S) 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 STATS #
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