Garnett Station Partners, a New York-based principal investment firm that manages over $3.5 billion of assets, announced the launch of its newly formed Commercial Mechanical, Electrical and Plumbing (“Commercial MEP”) services platform, Grizzly MEP, in partnership with industry veteran Kelly Romano, who will serve as Chairman of the Board.
The Grizzly MEP platform partners with high-quality service providers to support outsized growth and drive increased efficiency, reliability and customer satisfaction in the highly fragmented Commercial MEP market.
Stiles’ reputation for high-quality service
As part of the launch, Grizzly MEP also announced its first partnership with Stiles Heating & Cooling (“Stiles” or “Stiles Services”), a founder-owned pioneering provider of HVAC, building controls and plumbing services across Georgia and South Carolina.
Through this partnership, Grizzly MEP will leverage Stiles’ reputation for high-quality service, long-tenured customer base and strong market position to accelerate growth and expand its reach across geographies, customers and end markets.
HVAC and building services
Grizzly MEP will leverage Stiles’ reputation for high-quality service, long-tenured customer base
“Commercial MEP is an approximately $500 billion market with strong growth drivers, room for consolidation and resilient demand bolstered by an increasing need for sustainable and energy-efficient solutions,” said Jordan Garay, Partner at Garnett Station.
“We see tremendous potential in Grizzly MEP, and we are thrilled to be launching this platform in partnership with Kelly. Her 30+ year track record of successfully building businesses across the HVAC and building services space will be a great asset as we scale the platform and source additional targets across the industry.”
Grizzly MEP platform
Ms. Romano commented, “Grizzly MEP is an exciting opportunity to realize the vast untapped value in the Commercial MEP sector. Through our partnership with Stiles, we are fortunate to have a strong market position in the Southeast with a recognized brand, long-term customer relationships and a reputation for high-quality service."
"I look forward to working with the GSP team to scale the Grizzly MEP platform and provide customers the reliable, high-quality mechanical, electrical and plumbing services they need to run their operations comfortably and efficiently.”
Grizzly MEP platform’s resources
Doug Stiles, Owner of Stiles Services, added, “We have found a trusted partner in Kelly, Jordan and the entire Garnett Station team."
"We look forward to partnering with Grizzly MEP and leveraging the platform’s resources to expand our business, while furthering our commitment to providing our Georgia and South Carolina communities with best-in-class service.” Croft and Bender served as financial advisor to Stiles.
