NEW YORK--(BUSINESS WIRE)--Garnett Station Partners (“Garnett Station” or “GSP”), a New York-based principal investment firm managing over $2.3 billion in assets, today announced it has made a strategic growth investment in Bristol Environmental (“Bristol” or the “Company”), a leading provider of environmental remediation and abatement services. Based in Bristol, PA, the Company services clients nationwide through its five offices across Pennsylvania (2), Maryland, Massachusetts, and Florida.
For 30 years, Bristol has provided high-quality remediation, abatement, selective demolition, and disaster recovery services to clients across industrial, commercial, healthcare, education and retail sectors. The Company’s market-leading reputation for safety, efficiency and customer service has earned the trust of its loyal customer base, including numerous Fortune 500 businesses, who’ve worked with Bristol for decades.
Founded in 1994 by brothers Ernie and Patrick DeCaro, Bristol has built a reputation for reliability and established itself as a leader in environmental services. “This is an exciting new chapter for Bristol,” said Ernie. “Garnett Station brings innovative ideas for expanding our reach and driving growth across our business. This partnership will allow us to further invest in talent, infrastructure, and technology, ensuring we continue to deliver the exceptional service our clients have come to expect for over 30 years.”
“From the start, we knew Ernie and Pat were the right partners for GSP,” said Rich Reuter, Managing Director at Garnett Station. “The entire Bristol team has spent decades earning a reputation for safety, reliability, and exceptional service – the key ingredients to any business in this space. We look forward to supporting the Bristol team and partnering with other great Founders in the broader environmental services ecosystem.”
Matt Perelman, Co-Founder and Managing Partner of Garnett Station, said, “At GSP, we pride ourselves on identifying great founders and business leaders to partner with. Ernie and Pat’s deep industry expertise and relationships, combined with GSP’s resources and experience scaling businesses, gives us confidence in our ability to drive future growth.”
About Bristol Environmental
Founded in 1994, Bristol Environmental is a leading provider of environmental remediation services to commercial end markets. Bristol offers a broad range of hazardous material solutions, including asbestos abatement, lead & mold remediation, selective demolition, and disaster recovery services, amongst other environmental services. Headquartered in Bristol, Pennsylvania, Bristol serves customers throughout the U.S. from its footprint of five branch locations across Pennsylvania (2), Maryland, Massachusetts, and Florida.
About Garnett Station Partners
Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $2.3 billion of assets. Garnett Station partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms. The firm draws on its global relationships, operational experience and rigorous diligence process to source, underwrite and manage investments. Core sectors include consumer and business services, health and wellness, automotive, and food and beverage. Garnett Station's culture is based on the principles of entrepreneurship, collaboration, analytical rigor and accountability. For more information, please visit garnettstation.com.