Palmetto Air & Water Balance Acquires Bay to Bay Balancing

Palmetto Air & Water Balance Acquires Air Balancing Company, Inc.

July 30, 2023

HVAC & Mechanical

Palmetto Air & Water Balance has merged the operations of Air Balancing Company, Inc. (ABC) into its platform, creating Palmetto Air & Water Balance – Texas to serve Abilene, Fort Worth and Lubbock. The add-on was executed while Palmetto is a Sunny River Management portfolio company, with financing provided by Deerpath Capital Management; terms were not disclosed.

Sunny River Management Partners with Palmetto Air & Water Balance

December 21, 2021

HVAC & Mechanical

Sunny River Management (SRM), a private investment firm, has partnered with Palmetto Air & Water Balance, a Greenville, South Carolina-based provider of HVAC testing, adjusting, and balancing (TAB) services. As part of the transaction Rodney Hinton will become CEO while founder Penny Hinton remains President; SRM plans to accelerate growth through organic expansion and add-on acquisitions, with financing provided by Deerpath Capital Management.

Palmetto Air & Water Balance Acquires N.D. White Engineering Services

January 24, 2023

HVAC & Mechanical

Palmetto Air & Water Balance, a Sunny River Management portfolio company, has acquired and merged the operations of N.D. White Engineering Services, LLC into its Abilene/Lubbock operations as Palmetto – Abilene. Founders Nick and Linda White will retire following a transition period; the transaction was financed by Deerpath Capital Management and represents Palmetto's first add-on under Sunny River Management.

Shenandoah Industrial Services Acquires Bay Area Environmental Services

December 3, 2020

Environmental Services

Shenandoah Industrial Services, a KLH Capital-backed provider of storm drainage and pipeline rehabilitation services, has acquired Bay Area Environmental Services, a Gibsonton, Florida-based water and sewer pipeline cleaning, testing, and restoration specialist. The add-on expands Shenandoah’s footprint into Tampa Bay and West Central Florida, adds experienced staff and new municipal, industrial and government customers, and broadens its service capabilities in pipeline inspection and rehabilitation.

Nwestco Acquires Palmetto Environmental Group LLC

October 17, 2023

Environmental Services

Nwestco, a Guardian Capital Partners portfolio company, has acquired Denver-founded Palmetto Environmental Group LLC. The add-on transaction, completed October 16, 2023, expands Nwestco's environmental compliance and remediation capabilities and enables cross-selling to commercial, governmental, and industrial customers; terms were not disclosed.

Balance Point Provides Financing to Sylmar Group

November 8, 2022

Environmental Services

Balance Point Capital Advisors, alongside its affiliated fund Balance Point Capital Partners IV, provided debt capital to Sylmar Group to support Sylmar's buy-and-build strategy and enable the acquisitions of two water- and wastewater-related businesses. Sylmar, a Los Angeles–based platform focused on industrial water treatment and pump/well maintenance, will use the financing to scale its platform and expand services to commercial and utility customers across the Southwest U.S.