October 13th, 2025 – Tampa, FL and Greenville, SC – Palmetto Air & Water Balance, LLC (“Palmetto” or the “Company”), a high-growth independent Testing, Adjusting, Balancing (TAB) and Critical Environment Certification business, is pleased to announce the acquisition of Bay to Bay Balancing (“Bay to Bay”), a leading provider of TAB services based in Tampa, Florida.
Bay to Bay Balancing has served commercial, healthcare, and government clients across the Southeastern US for over 30 years, earning a reputation for technical excellence, reliability, and outstanding customer service. This transaction marks Palmetto’s third acquisition in 2025, expanding the Company’s operations into Florida—its seventh state—and bringing its total footprint to 24 locations nationwide.
“We are thrilled to welcome Carson, Jon, and the entire Bay to Bay team to the Palmetto family,” said Rob Gannett, Chief Executive Officer of Palmetto Air & Water Balance. “Florida represents a strategic growth market for Palmetto, and Bay to Bay’s strong reputation for professionalism and customer commitment makes them an excellent partner. Together, we’ll continue to grow our family tree—creating opportunities for our people and delivering exceptional value to our customers.”
Carson Judge, President of Bay to Bay Balancing, commented, “From the very first conversation, it was clear that Palmetto shares our same people-first values. Their commitment to culture, training, and opportunity for team members made this partnership an easy decision. Partnering with Palmetto allows us to continue serving our customers with the same integrity and quality they expect—while creating more opportunities for our people to grow.”
Jon Sissel, Operations Manager for Bay to Bay and now leading Palmetto’s Tampa operations, added, “Our team is already seeing the benefits of being part of the Palmetto family. The company’s focus on developing team members, combined with their technology and field tools, helps our technicians and project managers be more effective and deliver even greater value to our clients.”
This acquisition represents Palmetto’s sixth add-on as an SRM Equity Partners portfolio company, following prior transactions with N.D. White Engineering Services, Air Balancing Company, Delta-T Ltd., Testing Specialties, Inc., and ETB Arizona. Palmetto continues to pursue strategic partnerships that accelerate growth and extend its service capabilities across key U.S. markets.
The transaction was led by John Cote and Beau Brace of SRM Equity Partners. Palmetto was represented by Nelson Mullins Riley & Scarborough, and Deerpath Capital Management provided financing for the transaction. Terms of the transaction were not disclosed.
About Palmetto Air & Water Balance
Founded in 1989 and headquartered in Greenville, South Carolina, Palmetto Air & Water Balance operates 24 offices across North Carolina, South Carolina, Virginia, Tennessee, Texas, Arizona, and Florida with over 250 teammates. Palmetto is a leader in the Testing, Adjusting, and Balancing and Critical Environment Certification industries, validating the performance of HVAC and airflow systems for Healthcare, Life Sciences, Education, Institutional, Commercial, and Industrial facilities.