Rockbridge Growth Equity, a private equity firm in Detroit, today announced it has acquired Protect Environmental in Louisville, Ky., a leader in the environmental consulting and remediation industry with a focus on radon and chemical vapor intrusion management.
The acquisition is part of a series of investments by Rockbridge related to its national environmental services platform, which currently operates as RB Home Services. It provides property owners and developers, lenders, real estate professionals, home inspectors, and other related stakeholder groups across the country.
Rockbridge states Protect Environmental’s strong brand reputation and recognition will allow it to retire the RB Home Services name and adopt the Protect Environmental brand. As the platform continues its mission of providing homeowners with best-in-class services, Protect represents a foray into the commercial environmental services and products market.
Protect Environmental managing partner Kyle Hoylman will stay on in his role leading the company, as well as assuming the role of CEO of the broader platform.
“Protect Environmental’s industry-leading commercial business, outstanding brand, and mission-driven leadership team are absolutely ideal compliments to the existing RB Home Services Platform,” says Steve Linden, partner at Rockbridge Growth Equity.
“We are incredibly fortunate to now have Kyle Hoylman and the rest of the Protect Environmental team alongside us, building a true national leader in the environmental services industry.”
As the largest provider of commercial radon measurements and mitigation services in the country, Protect Environmental adds substantial scale and geographic coverage to the burgeoning national platform. It also will be able to leverage resources within the platform, including members of the Rockbridge family of companies.
The company will focus on continuing to build out its local market presence through its acquisition of existing service providers in target markets to complement its national presence with strong local market representation.
“The opportunity to work with Rockbridge to continue our vision of building the most efficient, effective, and economical national platform of environmental, green building, and energy services is one in a lifetime,” says Hoylman. “I’m looking forward to continuing to lead our effort in developing and maintaining healthy, safe, and sustainable indoor environments for our clients around the country.”
Founded in 2007, Rockbridge Growth Equity invests in financial and business services, consumer-direct marketing, and sports, media, and entertainment industries. Rockbridge owns equity stakes in ProSites, White Glove, Connect America, Rapid Finance, Gas Station TV, Kings III of America, and Robb Report, and is affiliated with other leading businesses in its target sectors including Quicken Loans, the Cleveland Cavaliers, Amrock, and StockX.
For more information on Rockbridge, visit www.rbequity.com.