Southeast Mechanical Acquires All Ways Heating and Air

WEAVERVILLE, N.C., July 10, 2023 /PRNewswire/ -- Southeast Mechanical ("SEM"), headquartered in Winston-Salem, North Carolina, today announced the acquisition of Weaverville, North Carolina-based All Ways Heating and Air, LLC ("All Ways"). This partnership bolsters SEM's presence in the North Carolina market.

"We are thrilled to announce the addition of All Ways to the SEM Family," commented Hugh Elks, President of SEM. Elks added, "This is a perfect fit with our other divisions and expands our presence into the Weaverville and surrounding areas north of Asheville. The service quality and employee culture Josh and Ricky Clinton have cultivated is incredible – we are eager to begin our partnership and look forward to continuing their legacy and excellence together."

ABOUT SOUTHEAST MECHANICAL

Founded in 2020 and based in Winston-Salem, North Carolina, Southeast Mechanical is a HVAC, plumbing and electrical services platform comprised of local market-leading brands. SEM provides turnkey HVAC services to a wide range of residential and commercial customers across North Carolina. The Company operates several divisions and is focused on customer satisfaction, safety and continuing to be an employer of choice for experienced technicians and staff. SEM's primary focus is on short-term, residential changeouts and service contracts.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS

Palladin Consumer Retail Partners ("PCRP" or "Palladin") is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount , Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

Hugh Elks, President
[email protected]
704-517-6681

Patricia Donnelly
[email protected]
617-585-3800

SOURCE Palladin Consumer Retail Partners, LLC