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Protect Environmental Acquired by Rockbridge Growth Equity

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Transformational partnership expands national environmental services platform

Louisville, KY, October 14, 2021 – Louisville-based Protect Environmental, a leader in the environmental consulting and remediation industry, with a focus on radon and chemical vapor intrusion management, today announced that it has been acquired by Rockbridge Growth Equity, the Detroit-based private equity firm.

This acquisition is part of a series of investments by Rockbridge related to its national environmental services platform, currently operating as RB Home Services. The platform provides property owners and developers, lenders, real estate professionals and home inspectors, and other related stakeholder groups across the country a national network of trusted professionals to tackle common issues related to building and maintaining healthy, safe, and sustainable indoor environments. Given the strong brand reputation built by Protect Environmental, Rockbridge will be retiring the RB Home Services name and will adopt the Protect Environmental brand going forward. The company will also relocate its headquarters to Louisville, KY.

Steve Linden, Partner at Rockbridge Growth Equity, said of the acquisition, “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. 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 platform continues its mission of providing homeowners with best-in-class services, Protect Environmental represents a noteworthy foray into the commercial environmental services and products market. As the largest provider of commercial radon measurement and mitigation services in the country, the company adds substantial scale and geographic coverage to the burgeoning national platform.

Furthermore, Protect Environmental will be able to leverage other resources within the platform, including members of the Rockbridge family of companies, to strengthen its position as a leading provider in the environmental consulting and remediation industry. 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.

Protect Environmental Managing Partner, Kyle Hoylman, will stay on in his role leading the company, as well asassuming the role of CEO of the broader platform.

“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,” said 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,” he adds. 

About Protect Environmental

Protect Environmental is a leader in the environmental consulting and remediation industry, focusing on radon and chemical vapor intrusion management. With a proven track record spanning greater than 15 years and more than 7,400 successful project completions encompassing all 50 US states and 2 US territories, the company provides expert service from its trusted professionals to provide peace of mind protection to property owners seeking efficient and effective management of environmental risks and liabilities. For more information, call 502-410-5000 or click on to https://www.protectenvironmental.com/.

About Rockbridge Growth Equity

Founded in 2007, Rockbridge Growth Equity is a Detroit, Michigan-based private equity firm that invests in
financial and business services, consumer-direct marketing, and sports, media & 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 2016 NBA champion Cleveland Cavaliers, Amrock and StockX. Since its inception, Rockbridge Growth Equity has invested more than $700 million of equity in its portfolio of companies. For more information on Rockbridge Growth Equity, visit www.rbequity.com.

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Kyle Hoylman Named President of the American Association of Radon Scientists and Technologists

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Industry association members elect seasoned veteran to lead organization during important time of tremendous opportunity and growth

Louisville, KY, November 16, 2020 – Protect Environmental announced today the election of Kyle Hoylman, its Managing Partner, to serve as president of the American Association of Radon Scientists and Technologists (AARST). The announcement comes after the annual meeting of the association held during the 2020 International Radon Symposium. As president of the organization, Hoylman will work with the AARST staff and board of directors to continue the implementation of the strategic plan of the organization. He will immediately assume the position, serving for a period of two years.

“I’m humbled by the vote of confidence from my industry colleagues to lead the organization during this important time of tremendous opportunity and growth,” said Hoylman. “I look forward to continuing the work of AARST in preventing radon-induced lung cancer and saving lives through increasing public awareness, raising industry professionalism, and supporting effective radon policy,” he added.

Hoylman brings over 15 years of experience in the radon and chemical vapor intrusion industry, serving as Managing Partner of Protect Environmental. Under his leadership, the company has grown into one of the largest environmental consulting and construction firms focusing on radon and chemical vapor intrusion in the country. He has been heavily involved within the AARST organization over the past decade, including serving on its board of directors, where he chaired the government affairs committee. He also chairs the executive stakeholder committee of the AARST Consortium on National Radon Standards, which oversees the ANSI/AARST national consensus radon standards recommended by the US EPA.

About Protect Environmental

Protect Environmental is a leader in the environmental consulting and construction industry, focusing on radon and chemical vapor intrusion management. With a proven track record spanning 15 years and more than 5,900 completed projects across the country, the company provides expert service from its trusted professionals to provide peace of mind protection to property owners seeking efficient and effective management of environmental risks and liabilities. For more information, call 502-410-5000 or click on to https://www.protectenvironmental.com.

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Chemical Vapor Intrusion Expert Joins Protect Environmental to Lead Products Team

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With a diverse background in scientific academia, manufacturing, and the environmental industry, Dr. Chris Bonniwell to head product portfolio focused on radon and chemical vapor intrusion management

Louisville, KY, March 10, 2020 – Protect Environmental announced today the addition of Chris Bonniwell, Ph.D. as Director of Products. Dr. Bonniwell joins Protect Environmental after approximately 10 years in the environmental consulting industry in Indiana and Wisconsin, which were preceded by four years as an environmental regulator at the Indiana Department of Environmental Management and seven years managing an industrial manufacturing company in Wisconsin. During his tenure as an environmental regulator and consultant, Dr. Bonniwell provided technical oversight to hundreds of projects in the assessment and remediation of environmental impacts from metals, petroleum compounds, PCBs, and chlorinated solvents. Dr. Bonniwell is a licensed professional geologist in Wisconsin and Indiana, with a consulting career heavily focused on projects with complex chemical vapor intrusion issues, a field in which he is considered a subject matter expert.

As the Director of Products, Dr. Bonniwell will be responsible for managing the product portfolio of the company, including the development, production, and marketing of products for use in the assessment, mitigation, and ongoing management of radon and chemical vapor intrusion contaminated properties. These products include the Vapor Sentinel Remote Environmental Monitoring System, which was awarded patent protection in January of 2020 (press release). The addition of Dr. Bonniwell will include the establishment of an office in the Greater Milwaukee area (Cedarburg) to bolster the company’s presence in the upper Midwest.

“Having firsthand experience with the technical expertise and cost effectiveness Protect Environmental delivers to its clients, I am excited to be joining the team,” Dr. Bonniwell said. “I look forward to working to deliver products and solutions that directly impact the health and well-being of so many,” he added.

“Attracting someone with the background in scientific academia, manufacturing, and environmental consulting Dr. Bonniwell possesses is a real coup for our company,” said Kyle Hoylman, Managing Partner of Protect Environmental. “Chris is widely regarded in the industry as an expert in chemical vapor intrusion, which makes him a natural fit to champion our products portfolio,” Hoylman added.

About Protect Environmental

Protect Environmental is a leader in the environmental consulting and construction industry, focusing on radon and chemical vapor intrusion management. With a proven track record spanning 15 years and more than 5,900 completed projects across the country, the company provides expert service from its trusted professionals to provide peace of mind protection to property owners seeking efficient and effective management of environmental risks and liabilities. For more information, call 502-410-5000 or click on to www.protectenvironmental.com.

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Protect Environmental Receives Patent on Environmental Remote Monitoring System

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Vapor Sentinel Remote Monitoring System provides more efficient and effective solution for meeting long-term stewardship and continuing obligations on contaminated radon and chemical vapor intrusion sites

Louisville, KY, January 29, 2020 – Protect Environmental announced today issuance of the official patent on its environmental remote monitoring system. The system, known as Vapor Sentinel, is now available to monitor and optimize vapor mitigation systems installed on radon and chemical vapor intrusion contaminated sites.

The traditional approach to meeting regulatory requirements and maintaining landowner liability defenses on contaminated sites is costly and provides minimal assurances that building occupants are safe from exposure to radioactive radon and toxic chemicals. On average, mitigation systems are verified to be functioning correctly only one time each year, and contaminants of concern may only be confirmed to be below the applicable exposure limit one time every few years. This approach creates liability management challenges for the responsible party and makes obtaining and managing site closure difficult, if not impossible. In fact, most contaminated sites never achieve site closure, costing the responsible party hundreds of thousands of dollars, if not millions, to meet ongoing long-term stewardship obligations.

The Vapor Sentinel Environmental Remote Monitoring System tracks the ongoing operation of vapor mitigation systems, providing 24/7/365 real-time monitoring to verify system functionality and confirm building occupants are safe from exposure to vapor intrusion. The system effectively addresses the liability management challenges associated with the traditional approach while providing a pathway to site closure that benefits the responsible party and provides peace of mind to building occupants. Likewise, the system facilitates redevelopment of contaminated sites by providing a cost-effective option to satisfy continuing obligations of the new owner or tenant.

Environmental monitoring and mitigation is a multibillion-dollar market. As of 2017, the U.S. EPA and its partners reported overseeing approximately 640,000 to 1,319,100 facilities to prevent releases into communities. However, no single comprehensive data source tracks the full extent of contaminated land in the United States. 

“After many years in the product development cycle, we’re excited to be delivering a better, more protective solution to our clients to manage the significant liability associated with radon and chemical vapor intrusion contaminated sites,” said Kyle Hoylman, Managing Partner at Protect Environmental. 

“The Vapor Sentinel Environmental Remote Monitoring System is a game-changer for our clients seeking to gain closure on contaminated sites and to help satisfy continuing obligations to maintain CERCLA liability defenses,” said David Gillay, Partner at Barnes & Thornburg and head of the Remediation, Redevelopment, and Environmental Transaction practice groups for the firm.

Key features of the system include: 24/7/365 real-time monitoring, user-defined condition notifications, secure cloud-based data storage, reliable wireless connectivity, convenient client portal access, instant historical data access, customized automated reporting, durable weathertight enclosure, quick and easy installation, and proprietary patented technology. Full specifications for the system can be found at protectenvironmental.com.

About Protect Environmental

Protect Environmental is a leader in the environmental consulting and construction industry, focusing on radon and chemical vapor intrusion management. With a proven track record spanning 15 years and more than 5,900 completed projects across the country, the company provides expert service from its trusted professionals to provide peace of mind protection to property owners seeking efficient and effective management of environmental risks and liabilities. For more information, call 502-410-5000 or click on to https://www.protectenvironmental.com.