Jim Barnes – Founder and President of The Hermitage Club at Haystack Mountain
Jim is the Founder and President of The Hermitage Club at Haystack Mountain, an exclusive, four-season private club- community that celebrates the outdoors and family fun, with private mountain activities ranging from Alpine skiing and boarding to cross country skiing, snowshoeing and 18-hole golf on a Desmond Muirhead designed course. Located on 1,400 acres in Southern Vermont, the property is anchored by the Hermitage Inn which provides luxury hotel accommodations and five diamond dining.
Jim also built the largest waste and recycling management company in North America without owning a truck. OAKLEAF Waste Management aggregated large national customers like Wal-Mart, Target , GE and United Technologies and leveraged that portfolio to become the single largest customer of the local trash hauler while providing a sophisticated management and reporting system for customer interface. Starting in 1995 with $40,000 in capital, the company grew quickly to about $160M by 2003 when private equity firm Charterhouse partnered with the company to finance several add on acquisitions. Over the next four years with sales approaching $700M, the company was sold to a larger PE firm in 2007 and has since been purchased in 2011 by its largest competitor, Waste Management. (NYSE WMI).
While building OAKLEAF, Jim’s customers continued to request expanded facility maintenance solutions which led him in 2004 to purchase from the ENRON bankruptcy, the platform company now rebranded as FM Facility Maintenance. Operating under a unique Integrated Facility Maintenance (IFM) model, FM has grown exponentially and today is the largest IFM company in North America utilizing a distributed network of service providers to handle over 45 trades of service including plumbing, electrical, air conditioning, refrigeration, lighting, signage, doors, locks, roofing, snow removal, landscaping, waste management, pest control, plus specialty restaurant equipment. The company currently provides IFM to every corporate owned McDonalds, Burger King, 7-Eleven, Exxon Mobil, and Out Back Steak House in North America. Today, with annual sales approaching $500M, the company continues to add value added energy services to its clients including energy management, retrofit and monitoring.
Having spent considerable time with the energy manager and facility director of major distributed real estate portfolios; in essence, maintaining their roofs and servicing their electrical panels, led Jim to make a controlling investment in BroadStar Wind. BroadStar is the only rooftop- mounted turbine in commercial production available in the 12kw-120 kw range that can provide upwards of 60% of a buildings’ energy needs.
Jim serves on the Board of Directors and is a trustee of the Connecticut Science Center, Marist College, the Watch Hill Conservancy and is a former director of Riverfront Recapture. Since 2009, Jim has served as a national judge for the Ernst & Young Entrepreneur of the Year program and won the National Award for Business Services in 2008. Jim’s companies have received recognition in the INC 500/5000 and INC Inner City 100 a total of 10 times since 2001 and featured in Fortune Magazine, INC Magazine, FAST Company, Chain Store Age, Nation’s Restaurant News, Professional Retail Store Maintenance and The Wall Street Journal.
Overall, Jim’s present and former companies have annual revenues over $1 billion and employ over one thousand people today.
Jim resides in West Hartford, CT with his family.