NEW YORK — Garnett Station Partners, an investment firm that manages assets of more than $3.5 billion, has launched a commercial mechanical, electrical, and plumbing services platform, Grizzly MEP, in partnership with industry veteran Kelly Romano, who will serve as chairwoman of the board.
Grizzly MEP partners with high-quality service providers to support growth and drive increased efficiency, reliability, and customer satisfaction in the highly fragmented commercial mechanical, electrical, and plumbing (MEP) contracting market, a press release from Garnett said.
Grizzly MEP’s first partnership is with Stiles Services, a founder-owned provider of HVAC, building controls, and plumbing services based in Bogart, Georgia. Through this partnership, Grizzly MEP will leverage the company’s reputation for high-quality service, its customer base in Georgia and South Carolina, and its market position to accelerate growth and expand its reach, the press release said.
“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, a Garnett Station partner. “We see tremendous potential in Grizzly MEP, and we are thrilled to be launching this platform in partnership with Kelly. Her 30-plus 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 is an exciting opportunity to realize the vast untapped value in the Commercial MEP sector,” Romano said. “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.”
“We have found a trusted partner in Kelly, Jordan, and the entire Garnett Station team,” said Doug Stiles, the owner of Stiles Services. “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.”
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