March 27, 2023
Las Vegas, NV - Sound Partners, a lower-middle market private equity fund started in 2022 by Zepher Loesch, and Calico Group, a private investment vehicle for Morgan Strain and Steven Brayet, are pleased to announce their joint acquisition of Tradewinds Mechanical, LLC, a commercial HVAC-R company based in Las Vegas, NV.
Tradewinds was founded in 2009 by Joshua Symonds and Kirsten Castellanos. Tradewinds has been providing exceptional HVAC-R services to commercial clients in the Las Vegas region for nearly 15 years. The company's commitment to quality and customer satisfaction has earned Tradewinds a reputation as one of the leading HVAC-R companies in the region. The acquisition by Sound Partners and Calico Group is expected to provide Tradewinds with substantial resources and support to continue its growth and success.
"We are excited about the opportunity to partner with Calico as operators and welcome Tradewinds Mechanical into the Sound Partners portfolio," said Zepher Loesch, Founder and Managing Partner of Sound Partners. "We are impressed by the company's reputation, experience, and commitment to excellence. We look forward to working with the Tradewinds team and Calico Group to build on their strong foundation and help the company reach new heights."
Morgan Strain and Steven Brayet, Co-Founders of Calico Group, also expressed their excitement about the acquisition. "Tradewinds is an outstanding company with a loyal customer base and a proven track record of success," said Strain. "We are excited to partner with Sound Partners to support the company's growth and expansion," added Brayet.
"We are excited about this new chapter for Tradewinds Mechanical," said Joshua Symonds, Founder of Tradewinds. "We have already seen Sound Partners and Calico Group's investment and expertise help us accelerate our growth and expand our service offerings. We remain committed to providing our customers with the highest quality HVAC-R services and look forward to continuing to serve the Las Vegas community."
Under the new ownership, Tradewinds Mechanical will continue to operate under its current team, with Steven Brayet as President of the company.
The financial terms of the transaction were not disclosed.
Sound Partners is a lower-middle market private equity fund focused on investing in companies with $2-$20 million in revenue across various sectors. Sound provides companies with operational and strategic support to help accelerate growth and drive long-term value creation. Sound is focused on investing in family and founder-owned businesses looking for support in transitioning to their next phase of growth and professionalization. Sound brings the collective experience of investors that have deployed over $1 billion of capital in private transactions and operators with substantial experience across industries including construction, facility services, distribution, and manufacturing.
Calico Group is a private investment vehicle formed by serial entrepreneurs Morgan Strain and Steven Brayet. Calico prides itself on its ability to drive success in each of its investments, ranging from pre-revenue startups, mature operating businesses, and real estate. Calico investment approach is focused on driving outsized growth, professionalization, and value-creation through a boots-on-the-ground approach. Calico makes long-term investments in businesses across industries, including logistics, commercial and home services, and technology.
Tradewinds Mechanical, LLC is a commercial HVAC-R company based in Las Vegas, NV. The company provides HVAC-R services to commercial clients, including installation, maintenance, and repair. With nearly 15 years of experience, Tradewinds Mechanical has earned a reputation for quality and excellence in the industry.
Gavin Smith, Media Relations