Sunny River Management’s Partnership with Palmetto Air & Water Balance

Business Acquisition & Merger Associates acted as financial advisor to Palmetto and Merline & Meacham served as legal counsel. SRM was represented by Nelson Mullins Riley & Scarborough. Financing was provided by Deerpath Capital Management.

Sunny River Management (“SRM”), a family-backed private investment firm, has partnered with Palmetto Air & Water Balance, a leading provider of HVAC testing, adjusting, and balancing services to commercial clients across the Southeastern United States.

SRM plans to accelerate growth at Palmetto by actively seeking other best-in-class industry participants to acquire while also continuing the company’s long history of successful greenfield expansion in high-growth markets.

In conjunction with the partnership, Rodney Hinton will become CEO, Penny Hinton will remain in her current role as President, and Alan Tew will remain in his current role as Regional Director.  

Founded by Penny Hinton in 1989 and headquartered in Greenville, SC with ten offices throughout the Carolinas and Mid-Atlantic, Palmetto serves a diverse customer base of building owners, property managers, and contractors

SRM is a private investment firm focused on building great mid-sized businesses in a few select highly desirable industries. 

The Nelson Mullins team representing SRM in the transaction included partners Roger Mitchell (Picture) and Lee Kiser and associates Jacob Adrian and Trevor Torres.

Involved fees earner: Jacob Adrian – Nelson Mullins Riley & Scarborough LLP; Lee Kiser – Nelson Mullins Riley & Scarborough LLP; Roger Mitchell – Nelson Mullins Riley & Scarborough LLP; Trevor Torres – Nelson Mullins Riley & Scarborough LLP;

Law Firms: Nelson Mullins Riley & Scarborough LLP;

Clients: Sunny River Management;

Sonia Carcano

Author: Sonia Carcano