Due Diligence Assessments for Mergers & Acquisitions
A due diligence assessment for a merger or acquisition involves conducting those environmental assessment and regulatory compliance reviews necessary to identify substantial environmental liabilities associated with the property or company and/or regulatory non-compliance issues associated with the operations that may be material to the client’s decision to proceed with the merger or acquisition.
The scope of work and level of detail for a due diligence assessment is subject to the time constraints of the merger or acquisition process. In addition to the standard Phase I environmental site assessment, the scope of work for a due diligence assessment can include a regulatory compliance review of current operations (which may or may not be a comprehensive compliance audit) and an environmental liability screen which includes information regarding: 1) corporate liability and enforcement records based on the corporate name, subsidiaries, affiliates, and aliases; and 2) National Priority List (NPL) sites for which a company has been identified as a potentially responsible party (PRP). A summary report is prepared which identifies significant environmental findings related to the three sites.
Depending on the findings of this initial scope of work, subsequent phases of work may be necessary to confirm the absence/presence of liability concerns and/or provide the client with adequate quantification of the related liability.
For more information email Karen Hathaway or call her at our Grand Rapids office - (616) 554-3210.
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