Garnett Station Partners, a New York-based principal investment firm that manages over $3.5 billion of assets, announced the launch of Skybound Service Partners, a newly formed commercial roofing services platform, in partnership with Jack Miner, who will serve as the platform’s founder and president.

In a news release, GSP stated that it launched Skybound to capitalize on the growing and highly fragmented commercial roofing sector. 

“The commercial roofing industry is large, fragmented and in the early innings of consolidation, and we intend to create value by partnering with excellent regional and local contractors and realizing the meaningful benefits of scale in this market,” said Jordan Garay, partner at Garnett Station. “The launch of Skybound represents another example of how we are applying our proven GSP platform creation playbook to the B2B services market.”

In conjunction with the platform launch, Skybound also announced its first partnership, with Roof Technology Partners, a leading commercial roofing contractor headquartered in Atlanta, with additional offices in Alabama and Texas.

Founded in 2011 by Scott Coger, a professional engineer and registered roof consultant who will continue to lead the business, RTP provides commercial roofing services across multiple end markets, with an excellent reputation among its blue-chip customer base. 

 “We are thrilled that Scott chose us as his partner, and we are excited to support the RTP team in realizing its long-term growth objectives," said Miner, president of Skybound. "GSP’s track record lends itself well to the opportunity in commercial roofing, and I look forward to executing our vision of building a national platform of best-in-class operators.”

Coger said the company plans to invest in expanding its service capabilities and geographic reach, and provide career advancement opportunities for employees. 

“Jack and the entire Garnett Station team have been a pleasure to work with and have demonstrated a respect for the culture we have built, as they share our values and goals," he said. "We are excited to have found such a like-minded, supportive partner.”

Citizens served as financial advisor to Skybound and Garnett Station Partners and Forvis Mazars Capital Advisors LLC served as financial advisor to Roof Technology Partners on the transaction.