East 88 Capital is a private equity firm that takes a highly engaged approach to business building
Our goals for your business
- Growth – Expand revenue streams and unlock new market opportunities
- Employee development – Invest in people, culture, and long-term career growth
- Business longevity – Safeguard the business you’ve built and ensure it thrives for generations
Target areas of investment

Commercial and
facility services

Value-added
distribution

Asset-light B2B
services

Residential
services
About the founder
Phil Druce is the founder and Managing Partner of East 88 Capital (“East 88”). After starting his career in investment banking, Phil has spent over 20 years in private equity investing in both the lower middle market and the middle market. He’s passionate about taking the knowledge of how bigger companies have scaled and supporting founder-owned businesses to accelerate growth.
East 88 Capital is named in honor of Phil’s father (specifically, the Brooklyn street where he grew up). An entrepreneur, Phil’s father built several small businesses in New Jersey, including a pet products distributor and an auto repair shop – when he picked up Phil from school, it was in mechanic’s overalls. His journey, marked by both grit and challenges, shaped Phil’s deep respect for business owners. Those early lessons in hustle, integrity, and relationship-focus continue to guide East 88 Capital today.
Prior to founding East 88, Phil was a Partner at Atlantic Street Capital (“ASC”). At ASC, Phil focused on developing sector investment theses, sourcing and executing investment opportunities, formulating and overseeing value creation initiatives, and managing exit processes. Prior to ASC, Phil held investment roles at BAML Capital Partners (the successor to Merrill Lynch Global Private Equity) and BBH Capital Partners. Phil started his career in investment banking at Bank of America.
Phil has a BA from Columbia University and an MBA from The Wharton School at the University of Pennsylvania. He lives in Connecticut with his wife and two daughters.