Keystone Capital Announces Partnership with Pinchin and PM Environmental
February 2022

Keystone Capital Management, L.P. (“Keystone”) is pleased to announce it has partnered with two leading environmental consulting services providers, Pinchin Ltd. (“Pinchin”) and PM Environmental, LLC (“PM”).

Pinchin and PM have been collectively operating for 70+ years, providing environmental risk management, engineering, and health & safety consulting services to corporate real estate owners, developers, end users, and government agencies in the United States and Canada.

Headquartered in Mississauga, Ontario, Pinchin operates out of 34 offices nationally across Canada. PM, headquartered in Lansing, Michigan, is a regional market leader serving clients out of twelve offices in Michigan and the Southeastern U.S. For more information, visit and

“This is an exciting first step in our goal of building the predominant North American services provider in the building and land market for all phases of the real estate lifecycle,” noted Jeff Grossi, CEO of Pinchin. “We are fortunate to have found likeminded partners in both PM and Keystone”.

Mike Kulka, Co-Founder and CEO of PM, added: “With this partnership, we see a significant opportunity to better serve our clients through greater geographic reach and a broader set of capabilities”.

All members of the Pinchin and PM executive teams will remain in leadership positions of the combined company. Joining forces will provide both Pinchin and PM’s clients with broader geographic coverage and enhanced capabilities across the real estate lifecycle.

“We are thrilled to be partnering with the teams at Pinchin and PM,” commented David Greer, Managing Director of Keystone Capital. “Keystone has significant experience in the engineering and technical services space, and we believe there is a considerable opportunity to continue building on the great legacies that both of these firms have established.”

Keystone will be actively seeking acquisition opportunities in the environmental consulting and engineering services industry. Parties with knowledge of relevant potential investment opportunities are encouraged to contact Keystone.

Terms of the transactions are not being disclosed. Senior debt financing was arranged by CIBC Bank USA and legal counsel was provided by Honigman LLP and Goodmans LLP.


Contact Information

David Greer
(312) 219-7972

Kevin Overby
(312) 219-7966

Matt Blanks
(312) 219-7987