Environmental Due Diligence

 

Practical Problem Solving

Environmental due diligence projects often run on accelerated schedules, have many moving parts and stakeholders, and can be an important part of complex business deals. This time-sensitivity and, quite often, strict confidentiality, necessitates the ability to accurately collect, organize, and communicate environmental liability information clearly and concisely. At GeoInsight, we’re all about strategic thinking and practical problem solving. This focus makes us a particularly effective partner in conducting environmental due diligence activities.

 

Why Pursue Environmental Due Diligence?

The objective of environmental due diligence is to assist a buyer, investor, or third party by helping them identify pre-existing conditions and avoid “hidden” liability issues or future false claims associated with a property or business. Because of the financial implications, multiple interests of involved parties, and the broad range of information needs inherent to environmental due diligence projects, we believe that clear communication is the key to a successful outcome. We begin with an up-front discussion of your objective and we take the time to understand your unique situation. Based on our discussions and our extensive experience with due diligence projects, we develop a unique strategy to meet your needs.

 

Liability Assistance

Often during due diligence projects, issues are identified that were not readily apparent at the project outset, and the potential liability arising from these issues must be addressed. When working with GeoInsight, you benefit from project teams that have the depth of technical and regulatory expertise to address a wide range of environmental and regulatory issues and associated cost implications.

 

GeoInsight’s Environmental Due Diligence Experts Can:

  • Understand current or past operations at a property or facility, evaluating compliance with applicable environmental regulations
  • Foresee the liability and cost impacts of hazardous building materials, such as
    asbestos-containing materials, lead-based paint, polychlorinated biphenyls, mold, mercury, etc.
  • Conduct an evaluation, similar to an initial site assessment, to understand whether releases of oil or hazardous material have occurred that may require additional characterization or remedial actions
  • Determine if further comprehensive site investigation and characterization activities are necessary to evaluate property-specific media (such as soil, sediment, ground water, surface water, and air conditions), and
  • Develop liability management programs such as negotiated escrow accounts, cost-cap insurance, purchase price modification, and environmental risk retention agreements.

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Featured Case Study

Former Packaging Company: Environmental Due Diligence

GeoInsight provided environmental due diligence and engineering consulting services to a developer of a significantly impaired property in South Boston. The site was formerly operated by a business that repackaged bulk quantities of many chemicals--including chlorinated solvents and various petroleum products--into smaller quantities for resale.