Palladin Consumer Retail Partners

Q: What does Palladin Consumer Retail Partners own in Tampa Bay?

Climate Design Home Services, through Southeast Mechanical (SEM).

Q: How long will Palladin Consumer Retail Partners hold these companies?

Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.

Boston, MA · Founded 1998 · ~$<1B AUM

In one paragraph. Palladin Consumer Retail Partners is a private equity based in Boston, MA managing roughly $<1B in assets. In Tampa Bay its capital sits behind Southeast Mechanical (SEM), which together control 1 local brand.

Why it invests in the trades

Boston firm founded in 1998, led by CEO Mark Schwartz and Managing Director Anders Petersen, that formed an operator-driven HVAC platform with Southeast Mechanical in July 2022 backed by Goldman Sachs senior debt and an unfunded acquisition line. SEM's first Florida deal was Clearwater's Climate Design Home Services in June 2024.

Platforms in Tampa Bay (1)

Southeast Mechanical (SEM)

Winston-Salem, NC · formed 2020 · 1 local brands

Local brands ultimately backed by Palladin Consumer Retail Partners (1)

SOLD 2024 HVAC · Plumbing

Climate Design Home Services

Clearwater, Pinellas County · est. 1974

Owned by Southeast Mechanical (SEM) · backed by Palladin Consumer Retail Partners

Deals

June 3, 2024
Southeast Mechanical enters Florida by buying Clearwater's Climate Design

Acquisition Climate Design Home Services → Southeast Mechanical (SEM) (backed by Palladin Consumer Retail Partners)

People

Anders Petersen — sponsor partner. Managing Director at Palladin Consumer Retail Partners on the Southeast Mechanical platform investment.
Mark Schwartz — sponsor partner. CEO of Boston-based Palladin Consumer Retail Partners, which formed the operator-driven Southeast Mechanical HVAC platform in July 2022.

Frequently asked

What does Palladin Consumer Retail Partners own in Tampa Bay?

Climate Design Home Services, through Southeast Mechanical (SEM).

Is Palladin Consumer Retail Partners a private-equity firm?

Yes.

How long will Palladin Consumer Retail Partners hold these companies?

Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.

Sources Verified — primary document

PR Newswire / Palladin (2022-07-13) — press release. Boston HQ, founded 1998, Schwartz and Petersen, Goldman Sachs debt
Palladin Consumer Retail Partners (2022-07-13) — press release. Sponsor posting of the same release
Palladin Consumer Retail Partners (2024-06-03) — press release. Sponsor announcement of the Climate Design acquisition
PR Newswire (2024-06-03) — press release. Palladin partnered with SEM in 2022

Researcher notes: AUM band is an estimate.

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