PE Deals

PE-backed Southeast Medical acquires HVAC firm Carolina Comfort

Based in Winston-Salem, North Carolina, Southeast Medical is a plumbing and electrical services platform.

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  • SEM was founded in 2020
  • Palladin partnered with SEM in 2022
  • Palladin invests in consumer brands

Southeast Mechanical, which is backed by Palladin Consumer Retail Partners, has acquired Wilkesboro, North Carolina-based Carolina Comfort Heating & Air Conditioning, a HVAC firm. No financial terms were disclosed.

Based in Winston-Salem, North Carolina, Southeast Medical is a plumbing and electrical services platform.

“We’re very excited to welcome Carolina Comfort to the SEM Family,” said Hugh Elks, president of SEM, in a statement, “This is complementary to our other divisions and further solidifies our position as a leading heating, ventilation, and air-conditioning service provider. The acquisition expands our footprint west of Winston-Salem. Scott Anderson and Nolan Eller have done a wonderful job building this business and we look forward to continuing their legacy and their ongoing partnership.”

SEM was founded in 2020. Palladin partnered with SEM in 2022.

Palladin invests in consumer brands.