Quest has evaluated environmental, safety and compliance risk in mergers, acquisitions and IPO’s. These have involved international and USA transactions with many in excess of a billion dollars. Our Risk analysis and risk mitigation suggestions have been accepted by buyers, sellers and major accounting firms. These due diligence projects have included oil and gas production fields, pipelines, refineries, petrochemical and chemical plants, fertilizer plants, pesticide facilities, laboratories, explosive manufacturing plants, heavy industries, off-shore drilling and production platforms, marine terminals, mines, syn-gas and syn-crude plants, electric generating plants, recycling facilities and specialty chemical plants.
Our approach to environmental assessments is to first determine the needs of the client, and then structure the project scope around those needs. Most assessments require the standard due diligence elements (site reconnaissance, historical review, regulatory agency database review); however, in some cases other factors may be of significant importance in the transaction being contemplated. For example, non-compliance with particular state and federal environmental regulations (such as air emission control or permitting regulations) may result in a significant future cost for a facility, both in compliance costs and in potential fines or penalties from a regulatory agency. After consultation with the client, Quest will tailor the due diligence assessment to meet the specific attributes of the client and transaction.
The Quest team has significant experience in applying the ASTM E 1527 (Environmental Assessment) and E 1528 (Transaction Screen) standards for environmental assessments. In addition, Quest has the capability to carry projects forward into the site investigation (Phase II) and site remediation (Phase III) steps.
- Environmental assessment and due diligence support.
- Gather and evaluate environmental information.
- Provide client with information describing potential or existing liabilities at the subject site for informed decision-making.
- Present findings in format and level of detail useful for clients.
- Flexibility to provide clients with what they need.
- Assist the client in structuring the financial part of a transaction.
- Consideration of costs and existing and potential environmental liabilities.
- Evaluate approaches to address liabilities that benefit the buyer and seller.
- Recommendation for alternatives.
- Environmental insurance for known and unknown impacts.
- Retained liabilities.
- Shared liabilities with and without cost caps.
- Escrowing of fund for remediation.
- Transfer of liabilities to third parties.
- Restructuring acquisition of stock and asses acquisitions, with associated property leases and benchmarks.
- Methodologies to bring about agreement on addressing environmental issues.