Acquisitionverified
Southeast Mechanical enters Florida by buying Clearwater's Climate Design
What happened. Palladin-backed Southeast Mechanical, founded in 2020 and headquartered in Winston-Salem, acquired Climate Design Home Services of Clearwater in its first expansion outside the Carolinas and Georgia. Climate Design had operated for more than 50 years serving Clearwater, St. Petersburg, Tampa and surrounding areas under president Tom Robinson. SEM president Hugh Elks said the deal extended the platform's footprint into Florida; Robinson said the company would keep serving Tampa Bay under its own name. Terms were not disclosed.
Parties
- Company
- Climate Design Home Services · Clearwater, Pinellas County
- Buyer
- Southeast Mechanical (SEM)
- Capital
- Palladin Consumer Retail Partners
- Price
- Not disclosed
The name on the truckClimate Design Home Services
Clearwater, Pinellas County
Operating ownerSoutheast Mechanical (SEM)
Winston-Salem, NC
Capital behind it
Palladin Consumer Retail Partners
Boston, MA
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- PR Newswire / Southeast Mechanical (2024-06-03) — press release. Primary announcement
- Palladin Consumer Retail Partners (2024-06-03) — press release. Sponsor confirmation
- Contracting Business (2024-06-04) — trade press. Trade coverage
See something wrong? Request a correction — we publish our corrections log.
Loading comments…