About Falling Springs

Falling Springs is a privately held company based in Richmond, VA and has been in operation since 2007. We provide ecological offset and restoration solutions. 

We specialize in the entitlement, development, and operation of ecological offset projects throughout the U.S, including, but not limited to, stream and wetland mitigation, habitat and endangered species conservation, natural resource damages ("NRD"), and water quality and nutrient reduction projects. Our team works with each customer to solve their specific environmental liability utilizing our current projects or through other private market solutions.


Our Mission

Deliver Unsurpassed Solutions to Ecological Challenges, Advance Our Customer's Objectives, and Restore, Enhance and Preserve Our Planet.

The Falling Springs Team


James Parker

James has been with Falling Springs since its inception in 2007 and has almost 15 years of experience in sales, business development, and client services.  With Falling Springs, he leads sales and business development efforts in order to provide mitigation solutions for our clients & customers.  James has coordinated and closed several hundred mitigation transactions that help our customers satisfy the permit requirements for their projects.   James has led or assisted on the acquisition and entitlement of Falling Springs' current portfolio of over 20 mitigation projects across five states.  James is a Director at Large with the National Mitigation Banking Association and a founding member and officer with the Virginia Mitigation Banking Association.  James holds an M.B.A from the Darden School of Business at the University of Virginia and a B.A. in business administration from James Madison University.  In his free time, James enjoys spending time with his family, hunting, fishing, and golf.  He lives in Richmond, VA with his wife, Molly, and two children, Blair and Jimmy.


Duncan Heyward

Duncan joined Falling Springs in July 2010 and has over 11 years’ worth of operations experience. At Falling Springs, he leads the entitlement, construction, and management efforts of their portfolio of mitigation banks; moreover, he oversees the portfolio of properties to achieve the required risk/return objectives. Duncan is responsible for navigating the regulatory process to ensure that each site is meeting the required performance standards and ensures the implementation of a long-term monitoring and management process for each of the wetland, stream, and species mitigation projects. Duncan holds a B.A. in Finance from the University of Tennessee. When given the opportunity, Duncan enjoys spending time with his family, hunting, fishing, and boating. Duncan lives in Richmond, VA with his wife, Eliza, and son, Miles.


Bobby Proutt
Manager & General Counsel

Bobby has been with Falling Springs in one capacity or another since the company's inception in 2007.  From 2007-2014, Bobby served as Falling Springs' outside legal counsel, representing Falling Springs in all aspects of the business.  Bobby participated in the acquisition, entitlement and development of Falling Springs' current project portfolio.  From 2005-14, Bobby worked for two law firms in Richmond, Virginia (Hunton & Williams LLP and Christian & Barton LLP), where he was a transactional attorney specializing in real estate and finance (in addition to his ecological mitigation practice).  In late 2014, Bobby joined the Falling Springs family where he oversees all aspects of the business.  Bobby holds a J.D. from the University of Richmond School of Law and a B.A. in economics and history from the University of Virginia.  Bobby lives in Richmond, VA with his wife and three children, and in his free time, Bobby enjoys spending time with his family, running, golf and traveling.


Jennifer Hazelgrove
Accounting Manager

Jennifer joined Falling Springs in January, 2014 with over 20 years of accounting experience. She manages and coordinates all of the accounting functions for our 20 LLCs and their consolidated portfolio to include financial reporting and analysis, budgeting, cash management, payroll, payables, receivables and more. Jennifer received her B.S. in Accounting from the Robins School of Business at the University of Richmond and maintains a Virginia CPA License. When she is not working she enjoys spending time with family, traveling and playing tennis, golf and softball. Jennifer lives in Mechanicsville, VA with her husband, Duke, and their two daughters, Abby and Mandy.