Palmetto Air and Water Balance, LLC
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Palmetto Air and Water Balance, LLC - overview
Established
1989
Location
Greenville, SC, US
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Palmetto Air and Water Balance, LLC provides expert air and water balancing services to enhance HVAC system efficiency and performance, serving a diverse clientele that includes major corporations and institutions. Founded in 1989 in Greenville, US, Palmetto Air and Water Balance specializes in HVAC optimization services. The company has remained focused on its core offering and has not undergone any significant pivots. It was acquired by Sunny River Management in December 2021, a strategic move to bolster its market presence.
The company's founder has not been disclosed, and specific details about previous ventures are unavailable. With a single deal completed as of the most recent data, Palmetto Air and Water Balance operates primarily in the Southeastern and Southwestern United States, including states such as South Carolina, North Carolina, Virginia, Tennessee, and Texas. Palmetto Air and Water Balance specializes in air and water balancing services, focusing on optimizing HVAC systems to ensure maximum efficiency and comfort. Their core offering is the art of establishing proper air and water flows, which they achieve through specialized and calibrated instruments operated by certified technicians.
These services are crucial for a variety of end users, including Fortune 500 companies, hospitals, universities, and contractors, who require reliable airflow data and system performance that meets design specifications. The company provides pre-project services aimed at identifying potential issues before they arise and engages in yearly re-certifications to help clients maintain energy efficiency across their facilities. Palmetto Air and Water Balance operates primarily in the Southeastern and Southwestern United States, servicing regions such as South Carolina, North Carolina, Virginia, Tennessee, and Texas. Palmetto Air and Water Balance generates revenue through direct service contracts with various clients, including large corporations and institutions that require precise HVAC system testing, adjusting, and balancing.
The company's business model typically involves B2B transactions, where clients engage their services based on project needs or ongoing maintenance contracts. Revenue streams are derived from one-time service fees for project-based engagements and recurring income through annual re-certification and maintenance agreements. Their established reputation and focus on quality service enhance their ability to secure repeat business and long-term partnerships with clients across diverse industries. Following its acquisition by Sunny River Management in December 2021, Palmetto Air and Water Balance plans to accelerate growth through potential acquisitions and expansion into high-growth markets.
Specific details regarding upcoming products or exact geographic regions for expansion have not been disclosed, but the company aims to leverage its backing to strengthen its market position.
Current Investors
Sunny River Management
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Website
www.palmettoairbalance.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Palmetto Air and Water Balance, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Palmetto Air and Water Balance, LLC | - |
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