Wilmington, North Carolina – March 24, 2025: Tailwind Hospitality, Inc. (dba “Tailwind Concessions” or “Tailwind”), headquartered in Wilmington, North Carolina, today announced the acquisition of the Panera Bread concession located at Phoenix-Mesa Gateway Airport from Kind Hospitality. Tailwind previously acquired four food and beverage concessions at Phoenix-Mesa Gateway Airport from Kind Hospitality in September 2024.

With the addition of the Panera Bread concession, Tailwind is now the majority owner and primary operator of all F&B concessions at the growing ~1 million enplanement airport. Tailwind initially partnered with Kind Hospitality’s founder, Nava Thursaisingam, in the fall of 2024 when the Company acquired four proprietary concession concepts, including restaurants and breweries. Jeff Switzer, CEO of Tailwind, states “This additional acquisition of the remaining F&B concession demonstrates our commitment to the Mesa-Phoenix Gateway airport and Tailwind’s commitment to providing best-in-class service to its travelers.”

In November 2021, Palladin Consumer Retail Partners partnered with Tailwind and its existing management team to recapitalize the Company and acquire a smaller competitor, Air Host, creating a leading airport concession platform focused on small and mid-sized airports throughout the United States. Since the investment, Tailwind has more than doubled its footprint while further building out its offering of nationally known brands and local concepts, expanded into larger airports, completed several other acquisitions and now operates 162 concessions in 60 airports and train stations across the continental United States and Alaska.

ABOUT TAILWIND HOSPITALITY (TAILWIND CONCESSIONS)
Founded in 2004 and based in Wilmington, North Carolina, Tailwind Hospitality, LLC (“Tailwind” or the “Company”) is a leading airport concessionaire specializing in operating full-service restaurants, bars, retail and gift shops predominantly in non-hub, primary and regional airports and train stations located throughout the United States. The Company currently operates 162 revenue centers in 60 airports and trains stations and, in the majority of locations, is the sole and exclusive concessionaire. Tailwind has focused on developing unique, location-specific venues at each of its airports, adapting to local culture, tastes and needs.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

PITTSBURGH, Pa.,— March 19, 2025. Online retail liquidation company, MAC.BID, announced today the opening of a second warehouse and retail location in San Antonio, Texas. This expansion marks a significant milestone for the Pennsylvania-based company, further growing its presence in the Lone Star State. MAC.BID currently operates more than 24 locations across Pennsylvania, Ohio, North Carolina, South Carolina, Arizona, Colorado, Nevada, and Texas.

MAC.BID buys returned and overstocked goods by the truckload from top retailers like Amazon, Target, Walmart, Home Depot, and Wayfair and resells the items individually through their proprietary online auction platform. All products are put up for auction with an opening bid of $1, and are sold to the highest bidder with no reserve price. Winning bidders can expect to save up to 80% off retail while having fun participating in the online auction.

“Since we launched our first Texas location in Schertz a year ago, we’ve felt the love and support from the community, “ said Kellen Campbell, co-founder and president at MAC.BID. “That success has enabled us to open a second location in San Antonio, providing more consumers with the opportunity to save money and stretch their hard-earned dollars further.”

San Antonio Locations:

• 4666 U.S. 90 Access Rd, San Antonio, TX 78237 (New)
• 17745 Lookout Rd Suite 400, Schertz, TX 78154

MAC.BID currently employs nearly 1,500 people across more than 2 million square feet of warehouse space. The new San Antonio location adds 50 new jobs to the area, offering opportunities across a variety of roles and specialties.

At the heart of MAC.BID’s business is a deep commitment to providing second chances—not just for products but also for people and the communities it serves.

MAC.BID’s philosophy of second chances also extends to the spaces it occupies, with auction pickup locations often housed in repurposed big-box stores or aging warehouses, helping to revitalize underutilized commercial areas. The company’s commitment to sustainability ensures that many returned and overstocked items, which might otherwise be discarded, find a new home through its marketplace.

In October, MAC.BID announced the company expanded its operations in the Southwest, opening five warehouse and retail locations across Arizona, Colorado and Nevada.

ABOUT MAC.BID

MAC.BID (formerly known as M@C Discount) is an online retail liquidation company that buys returned and overstocked goods by the truckload from top retailers like Amazon, Target, Walmart, Home Depot, and Wayfair and resells them individually through its proprietary online auction platform. Founded by Shawn Allen and Kellen Campbell in 2018, the Butler, Pennsylvania-based company operates 24 locations across the U.S.

For more information, visit https://www.mac.bid/how-it-works.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, Nic+Zoe, PB Metro, Splash Car Wash, KT Tape, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Milford, CT – January 6, 2025:  Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 66^th location in Henrietta, New York. The new wash, outfitted with a 130-foot conveyor and 27 free self-service vacuums, is Splash’s 41^st  in New York .

The Henrietta location was completed under the direction of Dave Clements and Jeff Arnold, two of Splash’s development partners and the former owners of the Classy Chassy chain, which Splash acquired in October of 2021.  Clements and Arnold are also managing the construction of a new site in Hamburg, New York, which is expected to open within the next month.

“Every new site we open is exciting for us and our team,” stated Mark Curtis CEO and co-founder of Splash.  “This new site is designed and equipped to handle high volume, and we’ve opened just in time to handle all the cars covered in salt from this recent snowstorm.”  Dan Petrelle, President, added, “we are very focused on continuing to expand our platform in the Northeast with state-of-the-art buildings, equipment, systems and services.”

In addition to the two car washes described above, Splash has started construction on three new express washes in Fayetteville, Newburgh and Nanuet New York and one in Springfield, Massachusetts, with anticipated openings in the late summer to early fall 2025.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York.  Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame. 

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:

Mark Curtis

mark@splash1.org

203-324-5400 ext. 7011

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Milford, CT- November 11, 2024:  Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 65^th location, an express wash in Johnson City, New York.  The new site, which has a 130-foot conveyor and outfitted with 16 free-of-charge self-service vacuum stations, is Splash’s 40^th in the state of New York.

The Johnson City wash was completed under the direction of Dave Clements and Jeff Arnold, Splash’s development partners and the former owners of the Classy Chassy chain, which Splash acquired in October of 2021.  Clements and Arnold are also managing the construction of new developments in Henrietta and Hamburg, New York, which are expected to open within the next few months.

Splash has construction set to begin soon in Springfield, Massachusetts, as well as Newburgh and Nanuet, New York with anticipated openings for the three sites in Summer 2025.

In addition to the Henrietta and Hamburg projects, Arnold and Clements are overseeing express wash developments in Fayetteville and Syracuse, New York, both of which will break ground in Spring.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York.  Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame. 

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:

Mark Curtis

mark@splash1.org

203-324-5400 ext. 7011

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

AMERICAN FORK, Utah, Aug. 28, 2024  KT®, the leader in kinesiology tape and skin friendly adhesives, is proud to introduce its latest innovation, KT Turf Tape, just in time for the 2024 Football season. Specifically designed to help football players at all levels prevent turf burns, KT Turf Tape delivers a comprehensive solution combining protection, pain relief, and muscle support in one easy-to-apply product.  Recognizing the growing demand for turf tape among football players, KT® leveraged its expertise in elastic tape technology alongside insights from top- level college football teams and trainers to develop a product tailored to the unique requirements of today’s athletes.

KT Turf Tape | SRP: $19.99

• Easy to Apply: Designed for quick and hassle-free application
• Sweat and Water Resistant: Stays in place, even during intense play
• Latex-Free Premium Synthetic Fiber: Strong elastic cores for maximum flexibility and comfort
• Long-Lasting Extreme Adhesive: Ensures the tape remains securely

attached throughout the game

• Reduces Muscle Soreness: Helps alleviate pain and discomfort after your workout
• Extra Wide 4” x 30′ Uncut Rolls: Accommodates players of all sizes with

customizable length

• Available in 2 Colors: Choose white or black tape to best match your uniform

“With the introduction of KT Turf Tape, we are excited to enter a new segment within the football market where long-lasting skin protection is so important,” said Jessica Klodnicki, CEO of KT®. “This product not only extends our product range but also underscores our commitment to innovation and delivering the highest-quality solutions to empower athletes’ performance at all levels.”

Beyond safeguarding the skin from abrasions and turf burns, KT Turf Tape offers the advantages of KT’s trusted kinesiology tape. It is designed to gently lift the skin, improve local blood flow, and alleviate muscle soreness, making it an all-encompassing choice for athletes seeking protection and support.

The KT Turf Tape can be purchased online at KTTape.com, on Amazon and Academy Sports. For more details on KT® and its full range of KT Tape and Health products, visit www.kttape.com.

About KT

Based in Utah and founded in 2008, KT® has revolutionized the sports medicine industry with the most technologically advanced and recognized kinesiology tape and recovery products. KT Tape kinesiology tape provides localized increase in blood flow to relieve pain and provide support for muscle pain and common injuries. KT is recommended by Physical Therapists and Athletic Trainers for pain relief and support of muscles, ligaments, and tendons. And now, KT has introduced a line of KT Health products to include topical pain relief, diabetes care, ice/heat treatment, footcare, and more. KT health products are designed to revolutionize the way consumers prepare, perform, and recover from all types of physical activity. The purpose of KT is to provide solutions that empower movement to unleash everybody’s potential for everyone from everyday athletes to the pros.

Milford, CT- August 19, 2024:  Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its latest site, an express wash in Rutland, Vermont, its third in the state and eighth greenfield location opened in the past 12 months. This latest site, combined with the Shelburne, Vermont wash opened in May and Splash’s Williston location solidify the chain’s presence in the state.

Splash utilized ModernWash systems to construct the building, fully equipping the site with MacNeil and Sonny’s equipment. The express wash also includes Splash’s “Optimus Prep”, a high-pressure cleaning system manufactured by Petit Auto Wash Equipment and comes outfitted with 11 interior and 16 outdoor vacuums along with a mat cleaning room available to customers at no cost with the price of a wash.

The project was overseen by Aaron Vincelette, Splash’s development partner in the state, alongside Glen Sheeley, Splash’s Director of Development. The chain currently has three additional washes construction in Henrietta, Hamburg, and Jefferson City, NY, all of which are expected to open later this year.  Splash will also begin construction in the coming months on express washes in Nanuet, Newburgh, Fayetteville and Syracuse, NY.

“Aaron was instrumental in guiding through the difficult Act 250 approval process in Vermont.  Along with ModernWash, he’s constructed a fabulous looking site, equipped with the latest technologies providing an enhanced customer experience,” stated Dan Petrelle, COO of Splash.  “It’s exciting to see the growth at Splash continue and we look forward to these new sites coming online.”

Splash currently employs over 1,100 employees and has been named Top Workplace for the past ten years.  The chain is currently ranked as the 19^th largest carwash operator in the United States.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York.  Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:

Mark Curtis

mark@splash1.org

203-324-5400 ext. 7011

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Chattanooga, TN – July 29, 2024:  Hutton, a retail real estate and development company, headquartered in Chattanooga, Tennessee, and Splash Car Wash, headquartered in Milford, Connecticut, today announced a joint venture to construct a new express car wash in Springfield, Massachusetts. The site, outfitted with a 130-foot tunnel and 20 free-of-charge self-service vacuums will be operated by, and branded as, Splash Car Wash.  This is Splash’s second site in the state.

Under the leadership of Karen Hutton, Hutton has developed properties for iconic brands such as Dollar General, Burlington, Hobby Lobby, Ulta, Mavis, Aspen Dental, O’Reilly’s Auto Parts, Walmart Neighborhood Market, Publix, Taco Bell and more in over 1,300 sites throughout the country. In addition to traditional retail and F&B building experience, Hutton also has developed over 100 car wash sites that operate under the ModWash trade name.

Hutton and Splash have been discussing development opportunities and decided that a collaboration that brings together their respective development and car wash operating expertise could accelerate growth for both companies.  “We couldn’t be more excited to partner with Karen Hutton and her team of talented development professionals”, stated Mark Curtis, CEO and co-founder of Splash. Dan Petrelle, COO of Splash, added “Karen and her team bring a wealth of knowledge in site selection and development.  We look forward to opening our second location in Massachusetts with their assistance and to building a strong partnership.”

The Springfield site is anticipated to open next Spring. Splash has developed and opened seven express sites in the last twelve months and has several de novo washes in various stages of development, which will bring the chain’s total to over 70 washes.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York.  Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:

Mark Curtis

mark@splash1.org

203-324-5400 ext. 7011

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Milford, CT- July 15, 2024:  Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 41^st New York location, an express wash located in Clay. This marks Splash’s third greenfield site opened this year and seventh in the last twelve months.  Splash now has over 70 car washes open or under development in NY, CT, VT and MA and is ranked as the 19^th largest car wash operator in the United States.

The Clay location boasts an impressive 140-foot tunnel outfitted with the latest technology and equipment, including “Optimus Prep”, Splash’s high-pressure wash system. Splash installed 24 free-of-charge vacuum stations, as well as a mat cleaning room, to increase customer convenience and enhance the car wash experience.

The construction was overseen by Dave Clements and Jeff Arnold, Splash’s development partners in Upstate New York.  Clements and Arnold have also been responsible for the development of Splash‘s Geneva, Leray, and Oswego express washes and have overseen major renovations in Spencerport, Brockport, and Greece.

Currently under construction are express washes in Rutland, VT, and Henrietta, Hamburg, and Jefferson City, NY, all of which are expected to open later this year. “We’re excited to expand our operations in the Syracuse market with the addition of our newest express wash in Clay”, added Mark Curtis, co-founder and CEO of Splash. “This joins our sites in Liverpool and Cicero, and we should begin construction of a new site in Fayetteville soon, which will provide more convenience to our unlimited club members in the area”.

Splash currently employs over 1,100 employees and has been named Top Workplace for the past ten years.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York.  Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:

Mark Curtis

mark@splash1.org

203-324-5400 ext. 7011

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Milford, CT- June 24, 2024:  Splash Car Wash, headquartered in Milford, Connecticut, today announced the re-opening of its express wash in Greece, New York, a site formerly known as Buckman’s. Since Splash’s acquisition, the wash has been completely renovated to include two new 130-foot tunnels outfitted with the latest in wash technology and equipment, including “Optimus Prep”, Splash’s high pressure wash system.

Splash also added 23 free-of-charge vacuum stations to increase customer convenience and enhance the wash experience.    The site can now be accessed from three different access points, allowing customers to proceed through two sets of automated pay stations, significantly reducing wait time.

The renovation of the Greece location was overseen by Dave Clements and Jeff Arnold, Splash’s development partners in Upstate New York.  Clements and Arnold previously owned the Classy Chassy chain which was purchased by Splash in 2021.  Clements and Arnold have also been responsible for the development of Splash‘s Geneva, Leray, and Oswego express washes and oversaw major renovations in Spencerport and Brockport.  Currently under construction are Clay, Henrietta, Hamburg, and Jefferson City, all of which are expected to open later this year.

“Dave and Jeff have been instrumental in the expansion of our New York footprint, which now totals 36 washes with another four under construction”, stated Mark Curtis, CEO and co-founder of Splash.  “We are really proud to be able to renovate this great site originally run by the legendary Ray Justice.  We’re also excited to see the growth at Splash continue. As we develop more sites within the region, we know we’re bringing more convenience and an unmatched customer experience to our subscription members, while simultaneously providing more opportunities for growth to our team members.”

Splash currently employs over 1,100 employees and has been named Top Workplace for the past ten years.  The chain is currently ranked as the 19^th largest carwash operator in the United States.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York.  Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:

Mark Curtis

mark@splash1.org

203-324-5400 ext. 7011

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Clearwater, FL – June 3, 2024:   Southeast Mechanical (“SEM”), headquartered in Winston-Salem, North Carolina, today announced the acquisition of Clearwater, FL -based Climate Design Home Services (“Climate Design”). This partnership marks SEM’s first expansion into Florida.

“We are thrilled to announce the addition of Climate Design Homes Services to the SEM Family,” commented Hugh Elks, President of SEM.  Elks added, “The acquisition extends our footprint into Florida, serving Clearwater, St. Petersburg, Tampa, and the surrounding areas. Tom Robinson and the Climate Design team have done a wonderful job building this business and we look forward to continued growth with their ongoing partnership.  SEM, along with Climate Design in Florida, will continue to be a market leader in heating, ventilation, and air-conditioning (“HVAC”) and home services throughout the Southeast.” Tom Robinson, President of Climate Design expressed, “All of us here at Climate Design look forward to working with Southeast Mechanical and are excited to continue bringing the best-in-class service to all of Tampa Bay for 50+ more years.  With our combined expertise and knowledge, we are certain to dominate the market.  Our clients can rest assured that they will continue to receive the same top-notch service that they have come to expect.”

ABOUT SOUTHEAST MECHANICAL

Founded in 2020 and based in Winston-Salem, North Carolina, Southeast Mechanical is a HVAC, plumbing and electrical services platform comprised of local market-leading brands. SEM provides turnkey HVAC services to a wide range of residential and commercial customers across North Carolina, South Carolina, and Georgia. The Company operates several divisions and is focused on customer satisfaction, safety and continuing to be an employer of choice for experienced technicians and staff. SEM’s primary focus is on short-term, residential changeouts and service contracts.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe.  Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies.  We pride ourselves on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Palladin partnered with Southeast Mechanical in 2022. Current and former investments include M@C Discount, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

Hugh Elks, President

hughelks@southeast-mechanical.com

704-517-6681

Patricia Donnelly

pdonnelly@pcrp.com

617-585-3800

Milford, CT- February 13, 2024: Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 62nd site, a new express wash located in Randolph, Massachusetts, the chain’s first location in the state. The latest wash commences Splash’s expansion into the Massachusetts market and is equipped with a 150-foot conveyor tunnel, 15 free self-service vacuum stations and a mat cleaning room.

The project was led by Glen Sheeley, Director of Development and Construction at Splash, along with his partner, Wayne Sheeley. Together, the Sheeleys have managed several of Splash’s recent de novo washes, including the two most recent openings in Derby and Milford, Connecticut.
Furthermore, Splash re-opened its Brewster (former Fast Lane Oil Change & Car Wash prior to Splash’s acquisition) and Cicero, New York washes after major renovations, which included entire equipment overhauls, the addition of self-service vacuums and various exterior enhancements. A project with similar renovations is currently underway at Splash’s Greece, New York wash.
In other development news, Splash has two Vermont washes near completion, one in Shelburne and the other in Rutland, both under the management of Aaron Vincelette, one of Splash’s development partners. Splash currently has ten more construction projects underway with anticipated openings over the next twelve months.

ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT- December 5, 2023: Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of the chain’s 61st car wash, an express site located in Derby, Connecticut. This marks Splash’s 38th express wash and features a 130-foot tunnel outfitted with 19 self-service vacuums. The project was overseen and completed by Glen Sheeley, Splash’s Director of Development and Construction.
Splash continues construction on eight additional greenfield washes, two of which are expected to open by year end – one in Shelburne, Vermont and the other Randolph, Massachusetts. During 2023, Splash will have opened seven new express washes, with another three existing sites having been completely refurbished and rebuilt. The remaining six new developments are all located in New York with expected completion dates between late spring and mid-summer 2024. Another five sites are in various stages of entitlement or permitting and should be under construction in the next three months.
“We are excited to see the growth at Splash continue. As we develop more sites within the Northeast region, we know we’re bringing more convenience and an unmatched customer experience to our subscription members, while simultaneously providing more opportunities for growth to our team members”, stated Mark Curtis, CEO and co-founder of Splash. Splash currently employs over 1,200 employees and has been named Top Workplace for the past nine years.

ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount , Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Winston-Salem, NC – October 17, 2023: Southeast Mechanical (“SEM”), headquartered in Winston- Salem, North Carolina, today announced the acquisition of Guyton, Georgia-based Total Services HVAC and Appliances Company, LLC (“Total Services”). This partnership marks SEM’s first expansion into the Georgia market.
“We are thrilled to announce the addition of Total Services to the SEM Family,” commented Hugh Elks, President of SEM. Elks added, “The acquisition expands our presence into the Georgia market, just north of Savannah. Travis and Lisa Stephens have done a wonderful job building this business and we look forward to continued growth with their ongoing partnership. SEM, along with Total Services in GA, will continue to be a market leader in heating, ventilation, and air-conditioning (“HVAC”) home services throughout the Southeast.”
ABOUT SOUTHEAST MECHANICAL
Founded in 2020 and based in Winston-Salem, North Carolina, Southeast Mechanical is a HVAC, plumbing and electrical services platform comprised of local market-leading brands. SEM provides turnkey HVAC services to a wide range of residential and commercial customers across North Carolina. The Company operates several divisions and is focused on customer satisfaction, safety and continuing to be an employer of choice for experienced technicians and staff. SEM’s primary focus is on short-term, residential changeouts and service contracts.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Palladin partnered with Southeast Mechanical in 2022. Current and former investments include M@C Discount, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Hugh Elks, President hughelks@southeast-mechanical.com 704-517-6681

Patricia Donnelly pdonnelly@pcrp.com 617-585-3800

Milford, CT- August 14, 2023: Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its latest development, an express wash in Leray, New York, growing the chain to 60 sites. The new wash, outfitted with a 130-foot conveyor and 19 free self-service vacuum stations, marks Splash’s 41st location in New York.
The Leray wash was completed under the direction of Dave Clements and Jeff Arnold, Splash’s development partners and the former owners of the Classy Chassy chain, which Splash acquired in October of 2021. Clements and Arnold are also managing the ongoing construction of sites in Henrietta, Clay, and Hamburg, New York, all of which are slated to open in early 2024. Splash is also undergoing substantial renovations at its Greece location, which formerly operated under the Buckman’s brand. These improvements are expected to be completed by December.
Construction continues in Randolph, Massachusetts and Derby, Connecticut, as well as in Shelburne and Rutland, Vermont, with anticipated openings in early-to-mid fall.

ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount , Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek
CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT- August 1, 2023: Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 59th location in Oswego, New York. The new express wash, equipped with a 150-foot conveyor and 17 free self-service vacuum stations, is Splash’s 40th in New York.
The Oswego wash construction was completed under the direction of Dave Clements and Jeff Arnold, Splash’s upstate New York development partners and the former owners of Classy Chassy, a multi-site wash operator that Splash acquired in 2021. Clements and Arnold are also managing the development of a new wash in Leray, New York, which is expected to open within the next two weeks.
Construction continues in Randolph, Massachusetts and Derby, Connecticut with anticipated openings in early September closely followed by two new washes under development in Shelburne and Rutland, Vermont. Construction at the Randolph and Derby sites is overseen by Glen Sheeley, and the Vermont sites are managed by Aaron Vincelette, one of Splash’s development partners and former owner of ECO Car Wash.
Other projects underway include express washes in Henrietta, Clay, Fayetteville, and Hamburg, New York, as well as the renovation of a former “Buckman’s Car Wash” location in Greece, New York.

ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount , Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT- July 18, 2023: Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 58th site, a new express wash also located in Milford. The latest wash is equipped with a 130-foot conveyor tunnel, 18 free self-service vacuum stations and a free mat cleaning room.
The project was spearheaded by Glen Sheeley, Director of Development and Construction at Splash, along with Wayne Sheeley, his father. “This is my favorite wash development to date given the number of unique features we added to the site. Our goal is always to find new and improved ways to better serve our customers. I’m most excited about the customer-focused features added to the tunnel, such as the “hot room”, designed to better dry customer cars” stated Sheeley.
In other development news, Splash has two new Upstate New York washes nearing completion in Oswego and Leray; both projects are led by Dave Clements and Jeff Arnold who are also overseeing developments that are beginning construction next month, including sites in Henrietta, Clay, Fayetteville and Hamburg. In addition, construction continues as planned in Randolph, Massachusetts and Derby, Connecticut with anticipated openings in early September. Furthermore, new sites developments in Shelburne and Rutland, Vermont are expected to open mid-to-late fall. The two Vermont washes are being developed under the oversight of Aaron Vincelette, one of Splash’s development partners.

ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 80 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, eight locations provide oil change services, and two locations operate laundromats.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” for the past several years by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine and Auto Laundry News. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount , Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Weaverville, NC – July 10, 2023: Southeast Mechanical (“SEM”), headquartered in Winston-Salem, North Carolina, today announced the acquisition of Weaverville, North Carolina-based All Ways Heating and Air, LLC (“All Ways”). This partnership bolsters SEM’s presence in the North Carolina market.
“We are thrilled to announce the addition of All Ways to the SEM Family,” commented Hugh Elks, President of SEM. Elks added, “This is a perfect fit with our other divisions and expands our presence into the Weaverville and surrounding areas north of Asheville. The service quality and employee culture Josh and Ricky Clinton have cultivated is incredible – we are eager to begin our partnership and look forward to continuing their legacy and excellence together.”
ABOUT SOUTHEAST MECHANICAL
Founded in 2020 and based in Winston-Salem, North Carolina, Southeast Mechanical is a HVAC, plumbing and electrical services platform comprised of local market-leading brands. SEM provides turnkey HVAC services to a wide range of residential and commercial customers across North Carolina. The Company operates several divisions and is focused on customer satisfaction, safety and continuing to be an employer of choice for experienced technicians and staff. SEM’s primary focus is on short-term, residential changeouts and service contracts.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS

Palladin Consumer Retail Partners (“PCRP” or “Palladin”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the retail and consumer products sectors in North America and Europe. Our team has a strong investment and operating track record; the Principals of PCRP have invested in, financed, or managed over 100 public and private retail and consumer products companies. We pride ourselves on working closely with management teams to create value through strategic and operational initiatives. PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor. Current and former investments include M@C Discount , Southeast Mechanical, Tailwind Concessions, Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Hugh Elks, President hughelks@southeast-mechanical.com 704-517-6681

Patricia Donnelly pdonnelly@pcrp.com 617-585-3800

Miami, FL –June 14, 2023: Decowraps, a leading manufacturer of floral packaging, proudly introduces EvolveFlex™, a sustainable film made with 90% post-consumer recycled plastic. This innovative product offers an environmentally friendly alternative to traditional floral packaging films that heavily rely on virgin materials.

“After witnessing the challenges faced in recycling plastic films in the US, we felt compelled to take responsibility for our sustainability initiatives,” explained Steven Tchira, CEO at Decowraps. “By incorporating recycled content into our products and actively replacing up to 90% of virgin plastics in the industry, we are making substantial strides towards achieving a circular economy.”

EvolveFlex™ offers a wide range of thicknesses and transparency options, meeting the diverse needs of the floral industry. It is suitable for various cut flowers and potted plant packaging options and is available in HDPE and CPP versions. The HDPE version is recyclable at store drop-off locations, keeping the material in the circular economy cycle, supporting sustainable packaging and recycling initiatives. This allows our customers to make an environmentally conscious choice while contributing to a more sustainable future.

Undergoing rigorous testing, EvolveFlex™ meets the industry’s stringent standards for strength and sealability. Through a meticulous process of gathering, sorting, and filtering recyclable materials, we transform them into raw material for the film. Our robust supply chain ensures consistent quality and timely delivery, providing customers with confidence and peace of mind.

In addition to its positive environmental impact, EvolveFlex™ generates social benefits by creating new sources of employment and income for at-risk communities through the collection and processing of recycled materials.

As a company dedicated to sustainability, Decowraps invests significantly in the research and development of eco-friendly packaging solutions. “We are thrilled to introduce EvolveFlex™, a high-impact, cost-effective sustainable option that maintains exceptional quality,” said Tchira.

Decowraps is excited to incorporate EvolveFlex™ into its stock line and material options for custom products, presenting it as the preferred sustainable choice for floral packaging. By selecting EvolveFlex™ with its 90% recycled content, customers make an immediate and tangible difference in their sustainability efforts. No longer relying on end consumers to recycle the product, EvolveFlex™ actively converts landfill-bound waste into new products, significantly reducing plastic waste and promoting a circular economy.

For more information about EvolveFlex™ and Decowraps’ sustainable efforts, please visit www.decowraps.com.

Media Contact:
Aileen Flicki
Product & Trade Marketing Manager
aflicki@decowraps.com
305.436.1415

Greensboro, NC – May 11, 2023: Southeast Mechanical (“SEM”), headquartered in Winston-Salem, North Carolina, today announced the acquisition of Greensboro, North Carolina-based Gentry Air Inc. (“Gentry Air”). This partnership bolsters SEM’s presence in the North Carolina market.
Hugh Elks, President of SEM stated, “Gentry Air will be a great addition to the SEM team. We are all very excited to partner with Jennifer and Greg Gill and continue the company’s commitment to providing excellent sales and service in heating, ventilation, and air conditioning. The acquisition increases our density as a market leader in the North Carolina Triad market.”
ABOUT SOUTHEAST MECHANICAL
Founded in 2020 and based in Winston-Salem, North Carolina, Southeast Mechanical is a heating, ventilation, air-conditioning, plumbing and electrical services platform comprised of local market-leading brands. SEM provides turnkey HVAC services to a wide range of residential and commercial customers across North Carolina. The Company operates several divisions and is focused on customer satisfaction, safety and continuing to be an employer of choice for experienced technicians and staff. SEM’s primary focus is on short-term, residential changeouts and service contracts.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Southeast Mechanical in 2022. Other current and former investments include Splash Car Wash, Tailwind Hospitality, Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Hugh Elks, President hughelks@southeast-mechanical.com 704-517-6681

Patricia Donnelly pdonnelly@pcrp.com 617-585-

Milford, CT- April 25, 2023: Splash Car Wash announced the grand re-opening of its express wash locations in Brockport and Spencerport, New York. As part of the re-openings, customers that donate to the Foodlink of Rochester Splash over the weekend of May 5th will receive free washes. Foodlink is a non-profit organization dedicated to addressing both the root causes and effects of food insecurity throughout the Greater Rochester area and Finger Lakes region.
Formerly Buckman Car Washes, the newly re-branded Splash sites underwent extensive internal and external renovations, including the addition of new state-of-the-art equipment in each wash tunnel. Additionally, Splash has added multiple self-service vacuums at each site which will be free of charge to customers.
The Brockport site is located at 6273 Brockport Spencerport Road, adjacent to the Walmart, and the Spencerport wash is located at 40 Nichols Street. Both will have special offers for customers who stop by May 5th through 7th. Customers can visit the Splash website – splashcarwashes.com for more details.
Splash currently operates 57 locations in New York, Connecticut, and Vermont. The Company is currently in the final stages of build out at four new locations, which are expected to open in the next month. Three are located in New York – Oswego, Leray, and Fairport, while one is located in Milford, Connecticut. In addition, Splash has four more sites under construction in Massachusetts, Vermont, and Connecticut.
ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 50 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” this year by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Splash in 2018. Other current and former investments include Southeast Mechanical, Tailwind Hospitality, Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

American Fork, UT_April 4, 2023KT Tape has shortened its name to KT as part of a rebrand that features a new logo, visual identity, packaging, website, and the launch of its brand campaign, “Crush Every Moment.”
The rebrand results from a year-long effort under new leadership to understand KT’s value proposition.
The “Crush Every Moment” campaign aligns with KT’s new purpose: “empower movement
to unleash everybody’s potential and meet physical goals no matter how big or small.”

“Being active is a fundamental need for many people. “When pain and injuries limit our ability to do the things we love, our quality of life is seriously impacted,” said Jessica Klodnicki, KT CEO. “‘Crush Every Moment’ is a rallying cry for active people of all levels and interests to use KT technology to pursue their passions and attain their personal goals.”
The new name will appear on its recyclable, eco-friendly packaging, including updated graphics and educational tools. KT said it is also rolling out an educational app this spring

Winston-Salem, NC – March 27, 2023: Southeast Mechanical (“SEM”), headquartered in Winston-Salem, North Carolina, today announced the acquisition of Wilkesboro, North Carolina-based Carolina Comfort Heating & Air Conditioning (“Carolina Comfort”). This partnership bolsters SEM’s presence in the North Carolina market.
“We’re very excited to welcome Carolina Comfort to the SEM Family,” stated Hugh Elks, President of SEM. Elks added, “This is complementary to our other divisions and further solidifies our position as a leading heating, ventilation, and air-conditioning (“HVAC”) 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.”
ABOUT SOUTHEAST MECHANICAL
Founded in 2020 and based in Winston-Salem, North Carolina, Southeast Mechanical is a HVAC, plumbing and electrical services platform comprised of local market-leading brands. SEM provides turnkey HVAC services to a wide range of residential and commercial customers across North Carolina. The Company operates several divisions and is focused on customer satisfaction, safety and continuing to be an employer of choice for experienced technicians and staff. SEM’s primary focus is on short-term, residential changeouts and service contracts.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Southeast Mechanical in 2022. Other current and former investments include Splash Car Wash, Tailwind Hospitality, Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Hugh Elks, President hughelks@southeast-mechanical.com 704-517-6681

Patricia Donnelly pdonnelly@pcrp.com 617-585-3800

Milford, CT- February 21, 2023: Splash Car Wash, headquartered in Milford, Connecticut, today announced the acquisition of Guilderland, New York-based Knockout Car Wash. The site is an express wash outfitted with a 190-foot tunnel and 20 self-service vacuums. This acquisition bolsters Splash’s presence in the Albany market and brings its total wash count to 56, 38 of which are located in New York with the remainder in CT and VT.
“We’re excited to welcome Knockout to the Splash Family,” stated Mark Curtis, CEO of Splash. Curtis added, “This is complementary to our June 2022 acquisition of Wash Boss and further builds out Splash’s footprint in the Albany market. The acquisition connects our locations from Long Island through the central, northern and western parts of the state. The Hameroffs did a wonderful job constructing this beautiful carwash and we are proud to continue their legacy.”
In other news related to Splash’s New York operations, the Company is continuing construction on two new express washes located in Oswego and Leray, New York, which should open in May. Additionally, Splash plans to commence construction on five more washes in the market.
Furthermore, Splash announced that two new Connecticut sites, one located in Milford and the other in Derby, are expected to open in the second quarter of this year. Two sites in Vermont and one in Massachusetts have also begun construction. All sites will be operated as express wash sites.
ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 50 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” this year by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Splash in 2018. Other current and former investments include Southeast Mechanical, Tailwind Hospitality, Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – July 21, 2022, Splash Car Wash, headquartered in Milford, Connecticut, today announced the acquisition of Clean Co Car Wash & Laundromat, an express site located in Montgomery, New York. This marks Splash’s 52nd location and 35th in New York state.
“We’re so excited to have this site back in the Splash family,” added Glen Sheeley, Splash’s Director of Development in the New York metro and Connecticut regions. “Montgomery was an express wash that my dad, Wayne, and I developed and owned for 8 years, and we now are excited to watch the site grow under Splash’s ownership.” Post-closing, Splash intends to make various upgrades to the site, including the addition of pay stations and self-service vacuums.
Splash also announced the zoning approval of two new express wash locations – Milford, Connecticut and Henrietta, New York. This will bring Splash’s total number of new washes in or soon to be under construction to 10, with more than 15 other sites in various stages of zoning and approval. Dave Clements and Jeff Arnold, Development Partners for Splash in upstate New York and the co-founders of the Classy Chassy chain, handled the application for Henrietta and will lead the wash’s development.
ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 50 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” this year by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Splash in 2018. Other current and former investments include Tailwind Hospitality, Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Boston, MA and Winston-Salem, NC – July 12, 2022 – Palladin Consumer Retail Partners, LLC (“Palladin” or “PCRP”) (pcrp.com) announces a majority investment in SEM Holdings, LLC (“Southeast Mechanical” or the “Company”) (www.southeast-mechanical.com). Existing shareholders, including Colmont Group and management, will retain an ownership position in the Company and continue to assist Palladin in growth and acquisitions.

Southeast Mechanical is a highly scalable and proven platform that currently consists of four primary HVAC operating companies in North Carolina: Triangle Contractors, Warren-Hay Mechanical Contractors (including Sheet Metal Duct Suppliers), Airmakers Heating & Cooling, and Logan Heating & Air Conditioning. The Company operates and is focused on expanding in the highly attractive southeast U.S. market through organic growth and acquisitions. Southeast Mechanical is led by an experienced senior management team, has over 300 professionals and currently serves over 11,000 residential and commercial customers.

Palladin partnered with Southeast Mechanical to provide the capital and support to accelerate its expansion strategy of acquiring strong HVAC companies in the region. Since its founding in 1998, Palladin has partnered with numerous founders and management teams to expand their businesses successfully. The portfolio team led by Anders Petersen, Managing Director, and Mark Schwartz, CEO, will work closely with the existing Southeast Mechanical team and Palladin operating partners providing marketing, financial, human resources, systems, and other expertise.

Hugh Elks, President of Southeast Mechanical, said “The Palladin team brings a wealth of experience growing service businesses. Their expertise and support will provide not only capital, but operational support that will be instrumental in helping Southeast Mechanical become a major regional and national HVAC platform. We look forward to working with Palladin during this next phase of growth.”

Mark Schwartz, CEO of Palladin, added, “We are excited to partner with Hugh, Keith Bagby, CFO, the entire Southeast Mechanical team, as well as Colmont Group, in the growth of this platform. The companies within Southeast Mechanical are well respected in the industry and in their region. They have built a strong reputation for quality and service, and we are confident that, with additional capital and operating assistance, we can work together to significantly expand Southeast Mechanical’s reach.”

Anders Petersen, Managing Director of Palladin commented, “We have spent a long time researching the HVAC sector and identified Southeast Mechanical as the perfect anchor acquisition. The expertise of the Southeast Mechanical team, their commitment to employees and customer service, and the geographic area of the country in which the Company currently operates provide an excellent partnership and platform for expansion.”

Goldman Sachs provided debt financing for the transaction, as well as an unfunded acquisition line and revolving credit facility to support future growth.

Advisors to Palladin included Morgan Lewis & Bockius, LLP and Everett, Gaskins Hancock LLP for legal services, Crowe, LLP for accounting, Krauter & Company for insurance and benefits, and Retail Technology Group for information systems. The company was represented by Johnston, Allison & Hord, PA for legal services, and Miller McNeish & Beedlove for accounting.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands and service platforms. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, customer services companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Splash Car Wash, Tailwind Hospitality, Leapfrog Brands, Decowraps, PB/Cycle Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

PALLADIN CONSUMER RETAIL PARTNERS
Patricia Donnelly
1-617-585-3802
pdonnelly@pcrp.com

Milford, CT – June 10, 2022, Splash Car Wash, headquartered in Milford, Connecticut, announced today the acquisition of Wash Boss, an express wash located in Rensseleaer, New York. Wash Boss marks Splash’s 33rd wash in New York and its initial entry into the Albany market. Wash Boss was developed and operated by Jim, Kim and Peter Enzien, who opened the wash in 2020.
“We are so pleased to acquire this great wash. Moreover, we’re excited to add Jim and Kim to our team”, Stated Mark Curtis, CEO of Splash. “The Enziens are clearly great developers, and we look to continue to develop new washes with their help.”
Jim Enzien, co-owner of Wash Boss, added, “It was great working with the Splash Team to get this transaction done. We’re confident that our employees will mesh with Splash’s awarding winning culture and be treated well after the sale. This combination with Splash provides our team with even greater career opportunities in the larger Splash network.”
In other news, Splash also announced zoning approval for two new express wash sites in Shelburne, VT and Newburgh, NY. Both sites are expected to begin construction this summer with open dates set in early 2023. Splash’s newest express site, located in East Haven, is set to open this month.
ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 45 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.
Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” this year by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Splash in 2018. Other current and former investments include Tailwind Hospitality, Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Miami, FL – April 4, 2022 – Decowraps, a leading packaging supplier to the floral industry, announced today it has completed its acquisition of Flopak USA, a major player in pre-formed pot covers and floral delivery systems.
Decowraps partnered with Palladin Consumer Retail Partners, a Boston-based private equity firm, in August of 2020. This is the second acquisition Decowraps has completed since Palladin invested in the company.
The union of Decowraps design, production, and distribution facilities in Miami, Bogotá, Aalsmeer, Quito, Nairobi, and China; together with Flopak’s distribution facilities in St. Louis and production in Vietnam; improves the company’s supply chain, optimizes distribution of products and expands the product offering. This acquisition will result in a great win for both companies and enhance service to customers.
Steven Tchira, CEO of Decowraps, said “It’s invigorating to join forces with a team that’s as passionate as we are about seeing clients succeed. We are thrilled to have the seasoned and effective team of Flopak join the Decowraps family”.

Decowraps’ vision is to enhance special moments for the end consumer by offering customers innovative solutions to make their businesses more successful. With Flopak, Tchira sees the opportunity to support their vision; “By adding additional production and distribution facilities, we are expanding our geographical footprint and building a more robust supply chain, which will provide better service to our customers and drive the industry forward”.

“We are excited to join Decowraps and be able to offer our customers enhanced design capabilities, and an expanded portfolio of products including hard good upgrades” said Mike Greene, Director of Flopak USA.

Through an exceptional in-house design team, and superior customer service, the industry will see a greater array of products and services provided by highly experienced teams that are focused on creating innovative packaging solutions for the floral and potted industries.

ABOUT DECOWRAPS

Decowraps, founded by Steven Tchira in 1999, is headquartered in Miami, FL, and has design, production, and distribution facilities in Colombia, The Netherlands, Ecuador, Kenya, and China. The company is a leading supplier to the floral industry, focusing primarily on larger retail organizations and their suppliers worldwide. In-house design and sample capabilities, global sourcing, vertical integration, and personalized customer service have enabled Decowraps to achieve superior recognition and results as a supplier of innovative packaging options for all levels of fresh cut flowers and potted plants. The company provides its customers with custom and stock designs including sustainable options and prides itself on satisfying all customer requirements. For more information on Decowraps, visit www.decowraps.com.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and financial services companies, and have invested in, financed, or managed over 100 public and private companies. Other current and former investments include Splash Car Wash, Tailwind Hospitality, Leapfrog Brands, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

Media Contact:
Aileen Flicki
Product & Trade Marketing Manager
aflicki@decowraps.com
305-436-1415
www.decowraps.com

Boston, MA and Wilmington, NC, – November 17, 2021 Palladin Consumer Retail Partners, LLC (“Palladin” or “PCRP”) (pcrp.com) announces an investment in Tailwind Hospitality, Inc., dba Tailwind Concessions (“Tailwind” or the “Company”) (https://www.tailwindconcessions.com/) and the simultaneous acquisition of Air Host, Inc. (https://www.airhost.net/) creating a leading airport concession platform throughout the United States.

Tailwind Concessions is a rapidly growing airport concessionaire specialized in providing full-service restaurants, bars, retail and gift shops in regional airports throughout the United States. Founded in 2001 by partners Alan Giaquinto and Jeffrey Switzer, Tailwind has grown its operational footprint to 28 non-hub primary and small hub airports located across 18 states. At the majority of Tailwind’s airports, the Company is the sole concessionaire providing premium service and high-quality food and beverages to customers. In addition to striving for excellent service, Tailwind differentiates itself by providing unique, location-specific venues at each of its locations, meeting local tastes and needs, rather than implementing one brand across its network. Simultaneous with the closing, Tailwind and Palladin are acquiring Air Host, an airport concessionaire operating full-service restaurants, bars, retail, and gift shops in seven other regional airports. Palladin contributed the capital for Tailwind to complete the acquisition of Air Host and rapidly expand the Company’s scale and footprint. Jeff Switzer, the CEO of Tailwind, will lead the combined companies post-closing as Tailwind continues to refine its offering and expand into new airports across the United States and internationally.

Palladin, founded in 1998, has partnered with numerous founders and management teams to expand their consumer and retail companies. The portfolio team led by Robert Fioretti, Managing Director, and Mark Schwartz, CEO, will work closely with the existing Tailwind team and Palladin operating partners providing marketing, financial, real estate, systems and other expertise to help expand the Tailwind Concession platform.

Jeff Switzer, CEO of Tailwind Concessions, said “We are excited to partner with Palladin as we grow our network and work with our airport partners to provide premium services to business and leisure travelers. The additional capital and operational resources will help to strengthen the leading services, product offerings and support that are the hallmark of our Company.”

Mark Schwartz, CEO of Palladin, added, “We are excited to partner with Jeff and his team who are highly respected in the industry. They are a very experienced group building a strong brand and dedicated to serving the needs of regional airports and their customers. We are confident that, with additional capital and resources, we can work well together to significantly expand the Tailwind platform.”

Rob Fioretti, Managing Director of Palladin commented, “The experience of the management team and their commitment to employees and customer service provide an excellent foundation for growth and development. We look forward to working with the team and growing Tailwind both organically and through acquisitions.”

Advisors to Palladin included Latham & Watkins, LLP, Morgan Lewis & Bockius, LLP and Gray Robinson, PA for legal services, Crowe, LLP for accounting, Krauter & Company for insurance and Castlepole Retail for strategy. The company was represented by Gussis and Alexander, LLC for legal services and Valtus Capital for financial advice. Air Host was advised by the Winchester Law Firm.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with founders and management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

TAILWIND CONCESSIONS PALLADIN CONSUMER RETAIL PARTNERS
Jeffrey Switzer Patricia Donnelly
1-720-891-7031 1-617-585-3802
switzer@tailwindconcessions.com pdonnelly@pcrp.com

Milford, CT – November 15, 2021. Splash Car Wash, headquartered in Milford, Connecticut, today announced the acquisition of the Malcho’s Car Wash located in Penfield, New York. This acquisition marks Splash’s third over the last month in the upstate New York market. The Malcho’s acquisition immediately follows the recent Buckmans and Classy Chassy deals, which combine for 21 washes in the market. The acquisition was negotiated and driven by Jeff Arnold and Dave Clements, the co-founders of Classy Chassy, who are now partnered alongside Splash.
The site currently operates as an exterior-only wash but will be converted to a Splash Express site. The new site will be outfitted with state-of-the-art equipment, automatic pay stations, an updated façade, and new self-service vacuum stations which will be offered free of charge to Splash customers. “We’re really excited about this location,” added Arnold. “This area has been looking for a top-notch facility and we believe this will be a great location once we’re done with our upgrades.” Arnold, along with Clements, head up Splash’s development team in the Rochester and Buffalo markets, while Aaron Vincelette, the founder of the two ECO car washes that Splash acquired in late 2020, leads the development efforts in the Vermont market. Lastly, Glen Sheeley has worked with the Splash team since his Middletown, NY site was acquired by the Company in 2019. Glen is currently working on multiple projects within the CT and NY markets, including the East Haven express site that is now under construction.
In addition, Splash also announced the construction of a new express wash in Geneva, NY. The 145-foot-long tunnel will feature MacNeil wash equipment and Vacutech vacuums. Splash hopes to have the site open for business in January.
ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 35 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.

Splash has been named “Best Carwash” by numerous publications over 40 times and has been recognized as a “Top Workplace in Connecticut” this year by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Splash in 2018. Other current and former investments include Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – November 2, 2021. Splash Car Wash, headquartered in Milford, Connecticut, today announced the acquisition of 17 Classy Chassy car washes in the greater Buffalo and Rochester areas. This Splash acquisition immediately follows last week’s purchase of four Buckmans express washes also located in Rochester. Splash now operates 44 washes located across Connecticut, New York, and Vermont with over 10 new express sites under development.
The acquisition is further evidence of Splash’s interest in the upstate New York market as the Company continues its expansion throughout the Northeast. Splash plans to improve the express sites by adding pay gates, increasing the number of free vacuums for customers, reinvigorating the monthly unlimited program, and converting select in-bay sites to best-in-class express tunnels.
“We couldn’t be happier to have Classy Chassy join the Splash family. Not only have we acquired great locations, but we are also excited about adding Jeff Arnold and Dave Clements, the two founders, and the rest of their associates to our team. Jeff and Dave are experienced developers who know the region well and will assist Splash in dramatically expanding our footprint in the region,” stated Mark Curtis, CEO of Splash. “Furthermore, Jeff and Dave were driving factors in last week’s Buckmans transaction, and we are confident that there are a lot more expansion opportunities for Splash with them on our team.”
“Splash already has started to welcome our team into their organization, and we are excited to partner with Mark, Dan Petrelle, Jay Ford and the rest of the Splash group. The Splash culture and their attention to operations and customer service were driving factors in our decision to partner with the Company” added Clements. “Their expertise will only enhance our results. We know this partnership will be beneficial to all Classy Chassy team members and customers.”
With the acquisition, Splash will add 10 express tunnels and 7 in-bay sites in both its existing Rochester market, as well as Buffalo, a new region for Splash.
Goldman Sachs, Splash’s existing lender, provided debt financing for the acquisition.
Latham & Watkins, LLP and Harter, Secrest & Emery, LLP represented Splash in the transaction. Crowe LLP provided accounting advice and Krauter & Company, LLC provided insurance expertise. Classy Chassy was represented by Boylan Code LLP and Kenyon & Kenyon LLP. Goldman Sachs was represented by Vinson & Elkins, LLP.
ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher, along with their experienced team and partners, have developed over 35 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.

Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top Workplace” six times by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Palladin partnered with Splash in 2018. Other current and former investments include Leapfrog Brands, Decowraps, PB Metro, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – October 28, 2021, Splash Car Wash, headquartered in Milford, Connecticut, today announced the acquisition of Buckmans Car Wash, a Greater Rochester-based chain consisting of four express sites. The deal is evidence of Splash’s continued interest in building out a platform in western New York after the ECO Car wash deal, which included a Plattsburgh, New York site, closed in late 2020. Splash will now operate 11 locations in New York and 29 across the Northeast, and currently has multiple new site developments underway.
“We are thrilled to add Buckmans to our group and excited to welcome their existing team to the Splash family,” stated Mark Curtis, CEO of Splash. “This is a great group of car washes led by an outstanding team with an amazing legacy.”
“It was a pleasure working with the Splash Group,” added Jeff Gold, the owner of Buckmans for the past 19 years. “I feel confident that Mark, Dan Petrelle and their team will assimilate my washes and my people smoothly. They have a strong commitment to our team, the community, and certainly to providing the best car wash experience possible. I look forward to working with them.”
ABOUT BUCKMANS CAR WASH
Buckmans operates express locations in Brockport, Spencerport, Gates, and Greece. Over the coming months, Splash plans to invest heavily in the sites, which will include equipment upgrades, improved layouts, and appearance, and optimized unlimited monthly packages, providing existing and new customers a best-in-class car wash experience.
ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher have developed over 35 locations, and currently operate carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.

Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top Workplace” six times by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:

Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011.

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – April 20, 2021 Splash Car Wash announced the opening of the Company’s latest express wash, a site located in Greenburg, New York. This location is Splash’s seventh New York operation.

The carwash formerly operated as a full-service location, but Splash has spent the past six months completing a full renovation of the site, which included upgrading it to offer Express service and updating the tunnel with all new equipment and adding pay gates and 20 self-service vacuums that will be offered free of charge for customers. The site will be operated under Splash’s “Wash Co” brand, joining the original Wash Co in Middletown, New York.

Glen and Wayne Sheeley, the originators of Wash Co, designed and handled the renovation of the wash in partnership with Splash. “We are so psyched about this wash,” added Glen Sheeley. “We packed huge washing power into this 120-foot tunnel, including the Petit high pressure wash system. Customers can also view the ‘backroom’ operations through the glass originally used for full-service customers to watch the wash. It’s really a neat feature.”

“We have been excited to partner with Wayne and Glen. They are true artisans when it comes to carwashes, and they just seem to get better with each new site they do,” added Mark Curtis, CEO of Splash. This is the first exterior express wash to open in Westchester County, New York.
The Sheeleys will be developing two additional ground-up locations slated to start in June. Locations and target opening dates will be announced later this month.

ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis & Fisher have developed over 30 locations, and currently operate 27 carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.

Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top 10 Workplace” five times by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011.

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – March 26, 2021 Splash Car Wash, headquartered in Milford, Connecticut, began the retrofit of an existing building adjacent to its Bedford Hills location to convert it into an express oil change facility. This will be Splash’s seventh oil change location once completed.

In addition, the site will enable Splash to now add self-service vacuums, free of charge, to express exterior customers at the wash. Splash Bedford Hills operates two conveyorized wash tunnels – one provides full-service hand washes while the other provides automated exterior washes. The customers of the automated tunnel will now have access to the vacuum area where they can clean the interiors of their cars.

“This is a great enhancement to this location,” added Bill Trabulsy, District Manager of Splash. “These two additional services will make everyone’s car care that much more convenient. For those looking for a fast wash and the ability to do a quick clean-up of their car’s interior, this is the perfect solution. And the new oil change only adds to the convenience.”

Splash will offer a full range of synthetic oils and carry filters for all makes and models. The oil change will be managed and staffed by highly trained professionals who follow manufacturers’ guidelines in the care of the customer vehicle.

Splash has been serving the Bedford Hills community for over 25 years. Splash is continuing its renovation and expansion program begun two years ago following their partnership with Palladin Consumer Retail Partners. Since teaming up, Splash has acquired a number of new locations and has several more projects in process. The company has invested over $3,000,000 in the renovation and enhancement of its existing wash locations.

ABOUT SPLASH CAR WASH, INC.
Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis, Fisher, Petrelle and a strong management team have developed over 30 locations and currently operate 24 carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.
Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top 10 Workplace” five times by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – March 16, 2021 Splash Car Wash has finished the interior and exterior remodeling of its Greenwich site, the chain’s first location, just in time to celebrate Splash’s 40th anniversary. Splash was started in 1981 by Mark Curtis and Chris Fisher with the single location, and since that time, the team has developed over 30 additional carwash locations. Splash currently operates 27 carwash tunnels in Connecticut, Vermont, and New York.

Splash has continued to accelerate its acquisition and development programs since partnering with Palladin Consumer Retail Partners in late 2018 with a number of new sites currently under development or near completion.

“Giving Splash #1 a facelift was long overdue,” stated Fisher. “It took us some time to finalize the design and staying open through the construction project extended our finish date a bit.” Fisher was instrumental in designing the “wave” element added to the front of the building. “We felt that it tied in so nicely with our name and what we do,” added Fisher. The renovations also included a remodeling of the retail store at the location.

Splash has reinvested over $3 million over the past two years into their facilities. The investments have included both aesthetic improvements, evident in the Greenwich remodel, as well as significant equipment upgrades in many locations. “There have been some great technological developments in wash equipment, soap applications, and water purification systems over the past few years that we wanted to incorporate into our washes,” said Curtis. “Greenwich, for instance, has added a reverse osmosis system to purify the rinse water that we use to finish each car we wash. We want to make sure we stay on the cutting edge to produce the highest quality wash experience for our customers.”

ABOUT SPLASH CAR WASH, INC.

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis, Fisher, Petrelle and a strong management team have developed over 30 locations and currently operate 24 carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.

Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top 10 Workplace” five times by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011.

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Milford, CT – February 2, 2021 Splash Car Wash, headquartered in Milford, Connecticut (www.splashcarwashes.com), announced the recent acquisitions of Eco Car Wash with two express locations in Plattsburgh, New York and Williston, Vermont and Westport Wash & Wax, a full service location in Westport, CT.

Splash has been accelerating its acquisition and development programs since partnering with Palladin Consumer Retail Partners (“PCRP,” www.pcrp.com) in late 2018. The Company now operates 24 Full Service, Express and Self-Service locations in CT, NY and Vermont, and has many new sites under development. Driven by industry-leading customer service and environmentally friendly technology, Splash provides its customers with multiple options under various plans including monthly subscriptions and a la carte pricing.

The Eco Car Wash sites were owned and operated by Aaron Vincelette. Westport Wash & Wax was owned by Scott and Laila Tiefenthaler. Vincelette plans to remain with Splash to assist in new development activities in the New England region. Scott Tiefenthaler will focus on development and operations in the CT/NY area.

“We’re excited to have additional strong operators like Aaron and Scott join our team,” stated Mark Curtis, CEO of Splash Car Wash, Inc. “Aaron’s knowledge of the area coupled with his carwash experience makes him the perfect partner in this region. Scott and Laila have been our friendly competitors in CT for 20 years. It will be great to have them join the Splash family and to take advantage of Scott’s construction and development expertise, especially as we accelerate our growth.”

Dan Petrelle, COO of Splash, added, “We’re also excited as we continue to build a strong operations team at Splash and welcome the new members from both Eco and Westport. At Eco, Regional Manager Steve Gainer and General Managers Sean O’Brian and Wascar Hernandez will oversee the two locations and the additional sites Splash acquires and develops in the area. Jorge Rojas will remain as General Manager at Westport. As we continue to acquire and build sites we look forward to providing our strong team with new management and operating opportunities.”
 
ABOUT SPLASH CAR WASH, INC.

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut. Since that time, Curtis, Fisher, Petrelle and a strong management team have developed over 30 locations and currently operate 24 carwash tunnels in Connecticut, Vermont, and New York. Many sites include detailing operations, six locations provide oil change services, and one location has a laundromat.

Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top 10 Workplace” five times by Hearst Publications. Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine. Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Leapfrog Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011.

Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800

Investment Provides Capital and Support for Growth

BOSTON, MA and CHICAGO, IL – January 4, 2021 – Palladin Consumer Retail Partners, LLC (“Palladin” or “PCRP”) (www.pcrp.com) announced today an investment in Leapfrog Brands, LLC (“Leapfrog” or the “Company”) (www.leapfrogbrands.com) in partnership with the current owners and senior management team of Kurt Sward, CEO, Rick Ellison, President & COO, Jill Pearson, VP of Sales and Marketing, Glen Gilmore, Director of Design, Austen He, Director of Sourcing and Steve Pinelli, Director of Engineering. The partnership will provide Leapfrog with additional resources to build infrastructure to support its tremendous growth. Management and operations of the Company will not change.

Leapfrog was founded by the management team in 2009 to design, develop and distribute new and innovative products that bring meaningful delight and value to their customers. Today, the Company is a leading designer and provider of beverageware, including portable water bottles and coffee mugs, food storage containers, bakeware and a variety of other pioneering products that “leapfrog” what already exists in the market for home, office and travel use. Leapfrog’s products are distributed under three well-known brands– Ello, for style and substance, Zulu, designed for fueling athletes, and Pogo, keeping up with family life on the go — primarily through major retail chains and direct-to-consumers through leading e-commerce platforms.

Palladin, founded in 1998, has partnered with numerous founders and executive teams to build successful consumer platforms. The portfolio team led by Mark Schwartz, CEO and Anders Petersen, Managing Director, together with their operating partners, will work closely with the company providing marketing, financial, systems, organizational development and other expertise to help management with the next stage of growth.

Kurt Sward, CEO of Leapfrog, said, “Our strong team has been together for over ten years, building what today is a premier design and development company bringing well engineered and well valued products to consumers worldwide. We are looking forward to working closely with the Palladin team in our next stage of growth.”

Rick Ellison, President & COO, said, “We pride ourselves on developing the right products for consumers at the right price, and ensuring that we also provide unparalleled customer support for our critically important and appreciated retail partners. With Palladin’s assistance, we expect to strengthen our infrastructure further in order to expand our leading market position.”

Mark Schwartz, CEO of Palladin, added, “We are excited to partner with Kurt and the entire Leapfrog team with whom we’ve built a strong relationship. They have developed a great culture based on innovation, quality, customer service and, most important, respect for employees, retail partners and consumers alike. We are confident that, working together, we can expand Leapfrog’s ability to not only meet but exceed customers’ expectations.”

Anders Petersen, Managing Director of Palladin commented, “We have been extremely impressed with Leapfrog’s expertise in design, engineering, marketing, and manufacturing. The Company has been expanding rapidly, and we are really excited to work with this strong team and be another value-added resource for them to continue their fast growth.”

KeyBank provided debt financing for the transaction, as well as an unfunded revolving credit facility to support future growth. Advisors to Palladin included Morgan, Lewis & Bockius for legal services, RSM US for accounting and tax, Krauter & Company for insurance, and Retail Technology Group for systems. The Company was advised by Livingstone Partners and Nixon Peabody.

CONTACT:
PALLADIN CONSUMER RETAIL PARTNERS
Patricia Donnelly
1-617-585-3802
pdonnelly@pcrp.com

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading retail and consumer brands. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives. Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies. Current and former investments include Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, and Kwik-Tek.

Mark Curtis, Splash Car Washes and Grace For Vets

Mark Curtis from Splash Car Washes and Grace For Vets speaks in this episode. Curts is a former International Carwash Association President and has a history of success in the car wash industry.

He talks about how they’ve grown to 20+ locations, and how they decided on the right partner for them when it came to Private Equity involvement in their growth strategy.

Investment Provides Capital and Support for Growth

BOSTON, MA and MIAMI, FL – August 12, 2020 – Palladin Consumer Retail Partners, LLC (“Palladin” or “PCRP”) (pcrp.com) announced today an investment in DECOWRAPS (“Decowraps” or the “Company”) (decowraps.com) in partnership with Steven Tchira, Founder and CEO.  The partnership will provide Decowraps and its strong senior management team with additional resources to expand its position as the leading floral packaging company.

DECOWRAPS was founded by Steven Tchira in 1999, is headquartered in Miami, FL, and has additional design, production, and distribution facilities in Colombia, The Netherlands, Ecuador, Kenya, and China.  The company is a leading supplier to the floral industry, focusing primarily on larger retail organizations and their suppliers worldwide.  In-house design and sample capabilities, global sourcing, vertical integration, and personalized customer service have enabled Decowraps to achieve superior recognition and results as a supplier of innovative packaging options for all levels of fresh cut flowers and potted plants.  The company provides its customers with custom and stock designs including sustainable options and prides itself on satisfying all customer requirements.

Palladin, founded in 1998, has partnered with numerous founders and executive teams to build successful consumer platforms.  The portfolio team led by Mark Schwartz, CEO, and Anders Petersen, Managing Director, together with their operating partners, will work closely with the company providing marketing, financial, systems, organizational development and other expertise to help management with the next stage of growth.

Steven Tchira, CEO of Decowraps, said, “The Palladin team brings a wealth of experience growing consumer brands in different market sectors.  Being able to work with them marks a critical next step in our growth strategy.  Their expertise and support will provide creative insights and operational improvements that will be instrumental in expanding our platform, including through acquisitions.”

Mark Schwartz, CEO of Palladin, added, “We are excited to partner with Steven and the entire Decowraps team.  They have built the leading floral packaging company, are well-respected in the industry and positioned to accelerate growth.  We are confident that, with additional capital and resources, we can work together to significantly expand Decowraps’ market position.”

Anders Petersen, Managing Director of Palladin commented, “We have been extremely impressed with the organization built by Steven.  We have been exploring a variety of organic and acquisition opportunities both in the United States and internationally and look forward to working together.”

Deerpath Capital Management provided debt financing for the transaction, as well as an unfunded acquisition line and revolving credit facility to support future growth.  Advisors to Palladin included Morgan, Lewis & Bockius for legal services, RSM US for accounting, Krauter & Company for insurance, Environmental Resources Management (ERM) for environmental, and Retail Technology Group for systems.  The Company was advised by Cowen and Company, as well as Proskauer for legal and Grant Thornton for accounting.

CONTACT:

DECOWRAPS                                                              PALLADIN CONSUMER RETAIL PARTNERS
Aileen Flicki                                                                       Patricia Donnelly
1-786-866-5639                                                                1-617-585-3802
aflicki@decowraps.com                                                  pdonnelly@pcrp.com

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading retail and consumer brands.  Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives.  Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed, or managed over 100 public and private companies.  Current and former investments include PB Metro, Splash Car Wash, KT Tape, Nic+Zoe, InMotion Entertainment, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, FreshPoint, Jamba Juice, Worldlynx, Multi-Flow, Kwik-Tek, Party America and Vermont Castings.

Greenwich, CT – May 9, 2019 – Splash Car Wash, headquartered in Greenwich, Connecticut (www.splashcarwashes.com) , announced the acquisition of Wash Co. in Middletown, New York.  Wash Co. operates an express carwash facility as well as a laundromat at the site.  The property was developed by Wayne and Glen Sheeley, whose family has been in the carwash business since 1969.

“We are honored that great operators like the Sheeley’s picked to partner with Splash”, stated Mark Curtis, CEO of Splash.  “This new site is fantastic.  Glen and Wayne have thought of everything to enhance the customer experience, both at the wash and the laundromat.  We very much look forward to having this expertise on our team to help us develop new sites”.  This is Splash’s fifth New York location.

Splash partnered with the investment firm, Palladin Consumer Retail Partners, a Boston-based private equity firm, last November.  Splash now operates 20 carwash locations in Connecticut and New York and three in China.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher have developed over 30 locations, and currently operate 20 locations in Connecticut and New York.  All sites include detailing operations and six locations provide oil change services.

Splash has been named “Best Carwash” by numerous publications over 35 times and has been recognized as a “Top 10 Workplace” four times by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine” and one of its GM’s was cited as an “Emerging Leader” by the International Carwash Association this year.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading retail and consumer brands.  Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives.  Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies,and have invested in, financed or managed over 100 public and private companies.  Current and former investments include InMotion Entertainment, KT Tape, Nic+Zoe, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, Kwik-Tek, and Party America.

For more information, please contact

Mark Curtis at mark@splash1.org or 203-324-5400 ext 7011.

Patricia Donnelly at pdonnelly@pcrp.com or 617-585-3802

Greenwich, CT – April 1, 2019 – Splash Car Wash, headquartered in Greenwich, Connecticut (www.splashcarwashes.com), today announced the acquisition of two car wash locations.  The first, located in White Plains, New York, was formerly known as Gold’s Car Wash & Detail, and will be Splash’s 19^th US location and 4^th in New York.  Splash currently operates another carwash in White Plains.

The second is a location in Cromwell, Connecticut, which was previously managed by Splash and operated under the company’s banner.  Currently an express exterior, Splash plans to renovate the site with a new system adding several new free vacuum stations and adding a flex serve option for people desiring full service vacuuming.

“We’re excited about adding these locations”, stated Mark Curtis, CEO of Splash.  “Our new White Plains store will allow us to better serve our customers on both sides of town.  We’re also very excited about bringing Cromwell under our ownership, so we can make substantial improvements to the site to better serve our customers there.”

Splash partnered with the investment firm, Palladin Consumer Retail Partners, a Boston-based private equity firm, last November.  These are the first two acquisitions Splash has made since Palladin made its investment.  “We are so excited to ‘break the ice’ with these great acquisitions, and look forward to adding more sites in the coming months”, added Curtis.  Splash now operates 19 carwash locations in Connecticut and New York and three in China.

ABOUT SPLASH CAR WASH, INC

Splash Car Wash was started in 1981 by Mark Curtis and Chris Fisher with a single location in Greenwich, Connecticut.  Since that time, Curtis & Fisher have developed over 30 locations, and currently operate 19 locations in Connecticut and New York.  All sites include detailing operations and six locations provide oil change services.

Splash has been named “Best Carwash” by numerous publications over 30 times and has been recognized as a “Top 10 Workplace” four times by Hearst Publications.  Four General Managers employed by Splash have been recognized as “Most Valuable Carwasher” by Professional Carwash & Detailing Magazine” and one of its GM’s was cited as an “Emerging Leader” by the International Carwash Association this year.  Splash has been awarded the US Chambers of Commerce prestigious “Blue Chip Enterprise Award” and has been inducted into the Connecticut Business Hall of Fame.

ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)

Palladin Consumer Retail Partners is a private equity firm with extensive experience investing in and building leading retail and consumer brands.  Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives.  Its principals have previously held CEO and other senior executive roles at several wholesale, retail, and related companies, and have invested in, financed or managed over 100 public and private companies.  Current and former investments include InMotion Entertainment, KT Tape, Nic+Zoe, J. McLaughlin, Things Remembered, Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx, Multi-Flow, Kwik-Tek, and Party America.

For more information, please contact Mark Curtis at mark@splash1.org or 203-324-5400 ext 7011.

Palladin Consumer Retail Partners Announces New Hires Mary Courtney O’Sullivan and Justin Lee.

Boston, MA, April 8, 2019:  Palladin Consumer Retail Partners (www.pcrp.com) is pleased to announce the recent hire of a new Chief Financial Officer & Chief Compliance Officer, Mary Courtney-O’Sullivan, and a new Associate, Justin Lee.   John Lawrence has transitioned from CFO & CCO to Finance Partner.  Palladin expanded its team to help manage existing portfolio companies and increased investment activity.

Mary Courtney-O’Sullivan (mcourtneyosullivan@pcrp.com); Mary oversees Palladin’s finance, tax and compliance functions while also working with portfolio companies on financial reporting and systems development.  She brings to this role over 20 years of experience in private equity.  Most recently, Mary was Vice President of Finance and Assistant Treasurer at Advent International. Through her tenure there, she served in progressive financial roles in both Fund Administration and the Management Company, where her responsibilities included global finance and administration of Advent’s entities, a global ERP system implementation, and a focus on building/enhancing best practices. Prior to Advent, Mary worked at The Bank of New York Mellon and PriceWaterhouseCoopers.  She received a BS in Business Administration, with a major in Accounting, from Stonehill College; and earned an MS in Taxation, with distinction, from Bentley University.  Mary is a Certified Public Accountant, a Chartered Global Management Accountant, and a Certified Financial Planner.

Justin Lee (jlee@pcrp.com); Justin is responsible for aiding in the identification and analysis of new investments and add-on acquisitions for existing platforms, due diligence and working with portfolio companies on a variety of strategic and financial initiatives.  Prior to joining Palladin, Justin worked as an investment banking Analyst with Alantra Partners on the execution of cross-border middle market mergers and acquisitions across various industries. Before Alantra, he worked as a Valuation Advisory Analyst with Duff & Phelps, where he supported the valuations of business enterprises and securities for M&A and financial reporting purposes. Justin earned a BS in Accounting from the University of Connecticut’s School of Business.

Mark Schwartz, CEO of Palladin (mschwartz@pcrp.com);, commented, “Mary and Justin are welcome additions to the Palladin team.  Mary’s diverse expertise in finance, tax and systems will be a valuable resource to our firm, limited partners and portfolio companies.  Justin brings to Palladin a strong analytical background that will facilitate the analysis, execution and management of transactions.  They complement our existing team well, and we look forward to working together as we actively seek new investment opportunities.”

Palladin Consumer Retail Partners (“Palladin” or “PCRP”) is a Boston-based private investment firm, founded in 1998, that focuses primarily on the consumer products and services sectors in North America and Europe.  The principals of PCRP have invested in, financed or managed over 120 public and private companies.  The firm prides itself on working closely with management teams to create value through strategic and operational initiatives.  PCRP strives to provide its portfolio companies with the advantages of a strategic partner and the operating flexibility and incentives of a financial investor.  PCRP targets middle market consumer and retail companies with revenues ranging from $50 to $200 million, seeks to invest $10 to $50 million of equity capital in each transaction, and will work with investment partners on larger opportunities.

Contact: Patricia Donnelly

pdonnelly@pcrp.com

1(617) 585-3802

www.pcrp.com

Aerosoles Announces Denise Incandela as CEO. R. Shawn Neville to Assume Role of Executive Chairman of the Board

FOR IMMEDIATE RELEASE: EDISON, New Jersey – April 4, 2017 –  Aerosoles Group today announced that current Chief Executive Officer and President R. Shawn Neville will assume the role of Executive Chairman of the Board, effective immediately.  Shawn has relocated to Colorado for family reasons, but will remain engaged in the Company as Executive Chairman, Director, an investor, and a partner to the CEO and Palladin Consumer Retail Partners, the majority owner of Aerosoles.

Denise Incandela has been appointed to the position of Chief Executive Officer of the Company.  Denise has also been appointed to the Company’s Board of Directors.  Denise has delivered growth and transformation for brands and specialty retailers for over 20 years.  Prior to joining Aerosoles, Denise was President of Ralph Lauren Global Digital and CIEM, leading their $700 million global consumer direct business.  Before joining Ralph Lauren, Denise spent 14+ years at Saks Fifth Avenue in senior roles including EVP & Chief Marketing Officer and EVP & President Saks Direct, where she built their $1+ billion digital business from the ground up.  Previously, Denise worked at McKinsey & Company, where she was a leader of their Retail Practice.

Denise is on the Board of Directors of CST Brands, Inc. and the Board of Directors of the Animal Care Centers of NYC.  She is also on the Industry Advisory Board for The Wharton School’s Baker Retailing Center.  Denise received an M.B.A. from the Wharton Business School and a B.S. from Boston College.

“Denise has an outstanding track record of success in Senior Executive positions with premier fashion companies and brands in both retail and ecommerce” said Shawn. “She will be a great addition to the company and I look forward to working with her and the team to further elevate the brand, our products, and engagement with customers and consumers at the intersection of Fashion and Performance.”

“I am thrilled to join Aerosoles at this exciting time in its history as I see tremendous potential for this Company.” said Denise.  “I am excited to leverage my branding, merchandising, retail, and ecommerce experience to lead Aerosoles into its next phase of growth.  I look forward to working with their talented team to develop and execute a strategic plan that will put us on a path to healthy, sustainable sales and profitable growth.”

“We are fortunate to have two industry leaders in Shawn and Denise with the company and I am very confident that we will continue to make major strides in realizing the potential for the brand and business” said Mark Schwartz, lead Director and CEO of Palladin.

About Aerosoles
Aerosoles is a leading global footwear company delivering high quality products with both fashion and performance to consumers in over 40 countries around the world. The company was founded in 1987 and is headquartered in Edison New Jersey. Aerosoles is the lead brand of Aerogroup International, which also includes A2, Aerology, and WhatsWhat. Aerosoles. . . #FashionThatFeelsGood

Contact:

Colleen McCarthy – Per Se Partners,

Phone:  +1 (917) 780-2820

Email: aerosoles@persepartners.com