Don’t Underestimate Environmental Due Diligence

I’ve been to a lot of “deal maker” networking events lately.  These are the ones with lenders, private equity folks, M&A attorneys and other people who help put deals together.  When I introduce myself, many are perplexed about why I am there.  “Do you do Phase I’s?” they ask.  “No.  I review Phase I’s to make sure they are done properly and resolve issues identified in those reports.”  I reply, adding “I also make sure the business has the proper environmental permits, authorizations and registrations and that they are in compliance with those requirements.”  Then, they get a look that says they didn’t consider those issues in their last deal.  Oops.

Environmental Due Diligence is so much more than doing a Phase I on real property.  I had a client come to me after he purchased a business.  TCEQ inspected the business not long after the deal closed and found that they were operating in excess of their permitted limits.  TCEQ shut down the business until they could get the proper registration.  Had the client reviewed the permit conditions before closing, he would have seen the noncompliance and could have made the seller remedy it.

Don’t underestimate the environmental requirements of a deal.  For example, do your deals involve food distribution businesses?  Keep in mind that commercial refrigeration units are regulated by the Clean Air Act.  In early 2016 Trader Joe’s agreed to pay EPA a $500,000 penalty for failing to inspect and repair leaks in its refrigeration units.

Environmental due diligence should be more than checking a box.  The consequences can be devastating.

 

 

 

306 thoughts on “Don’t Underestimate Environmental Due Diligence”

  1. I have to show my gratitude for your generosity in support of those people who have the need for help on this niche. Your real dedication to getting the solution all through turned out to be exceptionally interesting and have truly helped those just like me to reach their desired goals. Your personal useful report implies so much to me and much more to my office colleagues. Regards; from all of us.

  2. I wish to show my appreciation to this writer just for bailing me out of such a incident. Because of surfing around throughout the online world and seeing techniques which are not beneficial, I thought my entire life was over. Being alive devoid of the answers to the issues you have sorted out by means of your report is a critical case, and the ones which may have adversely damaged my entire career if I hadn’t discovered your website. Your own personal capability and kindness in handling every item was invaluable. I am not sure what I would have done if I had not discovered such a thing like this. I can now look ahead to my future. Thanks so much for this expert and result oriented guide. I will not think twice to refer your blog post to anyone who should receive counselling on this topic.

  3. I together with my friends happened to be checking the nice tips and tricks from your web site and so then I had a terrible suspicion I had not thanked the site owner for those tips. My guys came for this reason excited to see them and already have extremely been making the most of them. I appreciate you for genuinely really thoughtful and for having certain essential subject areas most people are really desperate to discover. My very own sincere apologies for not saying thanks to you earlier.

  4. I actually wanted to develop a note so as to thank you for the superb strategies you are placing here. My prolonged internet look up has now been compensated with reliable knowledge to talk about with my friends and classmates. I ‘d mention that we visitors are truly blessed to live in a fabulous site with very many perfect professionals with beneficial techniques. I feel rather grateful to have encountered your entire webpage and look forward to some more fabulous times reading here. Thanks a lot again for all the details.

  5. I wanted to draft you this little bit of note to be able to thank you so much over again for all the marvelous basics you’ve shared here. This is so unbelievably generous with people like you to grant without restraint all a number of people would’ve offered for an ebook in making some dough for themselves, mostly considering the fact that you could possibly have tried it if you ever wanted. The tactics also worked to become fantastic way to understand that other people online have a similar eagerness similar to my own to know the truth good deal more with respect to this matter. I am certain there are several more pleasurable times ahead for those who look over your site.

  6. I in addition to my guys appeared to be taking note of the excellent ideas from your web page and so the sudden I got a horrible suspicion I had not expressed respect to the web site owner for those tips. All of the people are actually certainly very interested to read them and have very much been enjoying them. Many thanks for simply being quite considerate and also for selecting this form of important areas millions of individuals are really wanting to understand about. Our honest regret for not expressing appreciation to you earlier.

  7. I needed to create you this very small observation to be able to say thanks again over the wonderful guidelines you’ve shared in this article. It’s so open-handed with you to convey unreservedly what exactly many individuals could have made available for an e-book to get some profit for themselves, most importantly seeing that you might well have done it if you ever decided. The creative ideas as well served to become a easy way to be aware that some people have similar dreams just as my own to grasp very much more on the subject of this issue. I think there are many more enjoyable occasions in the future for individuals that read carefully your blog post.

  8. My spouse and i have been very happy when Michael managed to finish off his investigation because of the ideas he grabbed while using the blog. It’s not at all simplistic to simply continually be giving for free helpful tips which other people may have been making money from. We really remember we have you to appreciate for this. All the illustrations you’ve made, the straightforward web site menu, the relationships you can assist to promote – it’s many fantastic, and it’s letting our son in addition to the family reckon that the matter is excellent, and that is really serious. Many thanks for everything!

  9. Thanks so much for providing individuals with a very wonderful opportunity to read in detail from this website. It is usually so nice and jam-packed with fun for me personally and my office fellow workers to search the blog at the least 3 times in one week to learn the latest things you have got. And indeed, I am also at all times astounded considering the good tactics you give. Selected 4 ideas in this posting are really the simplest we have all had.

  10. I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.

  13. I have to express my passion for your kind-heartedness supporting men who really need guidance on this particular issue. Your personal commitment to getting the solution all around had been certainly insightful and have surely made workers much like me to reach their desired goals. Your own valuable suggestions denotes a great deal to me and a whole lot more to my colleagues. Best wishes; from everyone of us.

  15. I together with my pals appeared to be reading the good solutions located on the website and immediately I had an awful suspicion I never thanked you for those secrets. The young boys happened to be for that reason passionate to read all of them and have certainly been enjoying those things. Appreciation for truly being simply helpful as well as for picking out this kind of superb resources millions of individuals are really eager to learn about. My honest apologies for not expressing gratitude to you sooner.

  16. Instagram takipçi satın almak istiyorsanız, kurumsal altyapımızla en güvenli şekilde ucuz beğeni, takipçi hizmetleri ve size özel çözümler üretmekteyiz.

  17. Takipçi Satın Almak artık çok kolay, tek yapmanız gerek profilinizin kullanıcı adını yazmak. Hemen diğer profillerin arasından sıyrılın ve fenomenliğe adımınızı …

  18. I have to get across my love for your generosity giving support to those people that have the need for help with in this concern. Your real commitment to passing the message all-around had been quite practical and have usually empowered individuals much like me to arrive at their targets. Your new invaluable useful information signifies this much to me and even more to my mates. Thanks a lot; from each one of us.

  19. I must express appreciation to this writer just for bailing me out of this particular incident. After researching throughout the world-wide-web and coming across opinions which were not productive, I figured my life was over. Living without the strategies to the issues you’ve sorted out by means of your website is a crucial case, and the ones which may have in a negative way affected my entire career if I hadn’t encountered your web site. Your primary capability and kindness in taking care of every aspect was very helpful. I’m not sure what I would’ve done if I hadn’t discovered such a point like this. I can at this point relish my future. Thank you so much for the specialized and amazing guide. I will not hesitate to endorse your blog post to anyone who needs and wants direction on this matter.

  20. Needed to create you the very little word to say thanks once again with your gorgeous advice you’ve shown on this site. It is quite open-handed with you to present publicly what most of us would have made available as an e-book in order to make some bucks for their own end, chiefly now that you might have tried it in the event you wanted. The thoughts in addition acted to become fantastic way to know that other people have similar zeal just as my own to realize more concerning this condition. I am sure there are millions of more pleasurable instances ahead for individuals who take a look at your blog post.

  21. My wife and i felt so cheerful that Louis could conclude his basic research from the ideas he acquired from your own web site. It is now and again perplexing to simply possibly be making a gift of information which often some people could have been trying to sell. So we fully understand we have the writer to appreciate because of that. The entire illustrations you have made, the straightforward blog navigation, the friendships you can help to promote – it is everything remarkable, and it’s really assisting our son and our family imagine that this idea is amusing, and that’s extremely indispensable. Many thanks for the whole thing!

  22. I used to be recommended this website by my cousin. I am
    no longer sure whether or not this put up is written by means of him as nobody else recognize such
    special about my trouble. You’re incredible! Thanks!

  23. Thank you so much for giving everyone an extremely marvellous chance to read from here. It is often very pleasing plus stuffed with a great time for me and my office friends to search your site not less than three times every week to read the latest guides you have. Of course, we are usually contented for the magnificent ideas you give. Some 4 points in this article are undeniably the most suitable we have had.

  24. I’m also commenting to let you be aware of of the perfect discovery my friend’s daughter gained reading your web site. She realized a lot of pieces, not to mention what it’s like to possess a great giving spirit to have other individuals easily learn various impossible topics. You undoubtedly surpassed people’s expected results. Thank you for coming up with those warm and friendly, healthy, revealing and easy guidance on your topic to Mary.

  26. Thank you so much for providing individuals with an exceptionally remarkable chance to read articles and blog posts from this website. It really is very nice and also full of a great time for me personally and my office colleagues to search your website minimum 3 times per week to learn the newest things you have. And definitely, I’m just usually fulfilled concerning the dazzling points you give. Certain 2 facts in this article are easily the simplest we’ve ever had.

  30. First of all I want to say awesome blog! I had a quick question which I’d like to ask if you
    do not mind. I was interested to find out how you center yourself and clear
    your thoughts prior to writing. I have had trouble clearing my thoughts
    in getting my ideas out there. I do take pleasure in writing but it just seems like the first
    10 to 15 minutes tend to be wasted simply just trying to figure
    out how to begin. Any ideas or tips? Thank you!

  31. I’m also commenting to let you be aware of what a extraordinary experience our princess went through studying yuor web blog. She realized so many issues, including how it is like to have a very effective coaching character to let other individuals without problems fully grasp selected impossible subject areas. You really surpassed our own expectations. Thank you for coming up with the important, healthy, educational and even cool thoughts on that topic to Mary.

  32. Thanks in favor of sharing such a fastidious thinking, piece of
    writing is nice, thats why i have read it completely

  33. I am just writing to make you be aware of of the terrific experience our child gained reading your site. She mastered too many details, which include what it is like to have a marvelous teaching style to let many more without hassle know precisely various specialized topics. You truly did more than readers’ expected results. Thank you for offering the essential, dependable, edifying and also fun thoughts on that topic to Ethel.

  34. Undeniably believe that which you said. Your favorite justification appeared to
    be on the internet the easiest thing to be aware of. I say to you, I definitely get irked while people consider worries
    that they plainly don’t know about. You managed to hit the nail upon the top and also defined out the
    whole thing without having side effect , people can take
    a signal. Will likely be back to get more. Thanks

  36. Hello there! This post couldn’t be written much better! Looking at this post reminds me of my previous roommate!
    He constantly kept talking about this. I’ll send this post to him.
    Fairly certain he will have a very good read. Thanks for sharing!

  37. I am only commenting to let you know what a extraordinary encounter my wife’s girl found viewing your web site. She realized lots of pieces, not to mention how it is like to have an amazing teaching heart to let men and women quite simply have an understanding of various grueling things. You really did more than visitors’ expected results. Thank you for churning out such good, trustworthy, revealing and even unique thoughts on this topic to Ethel.

  38. I really wanted to compose a brief note to be able to appreciate you for some of the splendid strategies you are sharing here. My long internet search has now been rewarded with high-quality facts and strategies to write about with my colleagues. I ‘d assume that most of us site visitors are extremely endowed to exist in a decent place with so many outstanding professionals with valuable tricks. I feel very much happy to have discovered your web site and look forward to many more brilliant times reading here. Thanks once more for everything.

  40. I must express some thanks to you for rescuing me from such a incident. Just after researching throughout the search engines and finding proposals which are not productive, I thought my life was gone. Existing without the presence of answers to the issues you have fixed by way of this site is a critical case, and those which might have badly damaged my entire career if I hadn’t discovered your website. That expertise and kindness in handling all things was very useful. I am not sure what I would have done if I had not come across such a step like this. I’m able to at this time look ahead to my future. Thanks for your time very much for your impressive and result oriented guide. I will not be reluctant to suggest your web site to any person who wants and needs counselling about this issue.

  41. My wife and i have been now joyful that Emmanuel could conclude his inquiry from the precious recommendations he came across out of your blog. It is now and again perplexing to just always be handing out information that many people could have been making money from. And we take into account we need the website owner to give thanks to for this. The type of explanations you’ve made, the simple blog menu, the friendships you can make it possible to engender – it’s many overwhelming, and it’s making our son and us consider that this article is thrilling, which is certainly quite vital. Thank you for all the pieces!

  42. I simply wanted to say thanks once again. I’m not certain what I could possibly have handled in the absence of the entire aspects shared by you regarding this theme. Certainly was a real troublesome case in my view, but noticing a new skilled tactic you managed it took me to jump over contentment. I’m grateful for this assistance and even sincerely hope you are aware of an amazing job you are always accomplishing teaching people today using your blog post. I am sure you’ve never encountered any of us.

  43. I want to express appreciation to this writer just for bailing me out of such a difficulty. As a result of looking throughout the search engines and finding suggestions which are not pleasant, I was thinking my life was well over. Being alive without the strategies to the issues you have fixed by means of your review is a serious case, as well as ones which might have adversely affected my career if I hadn’t noticed the website. Your good know-how and kindness in playing with all the pieces was invaluable. I am not sure what I would have done if I had not encountered such a subject like this. It’s possible to now look ahead to my future. Thank you so much for your reliable and sensible help. I won’t hesitate to refer your blog post to any person who needs guidance on this issue.

  45. I simply had to thank you very much again. I am not sure the things I would have handled without the concepts contributed by you over such concern. It has been a real alarming problem in my circumstances, nevertheless witnessing your skilled form you processed that made me to cry for joy. I am happier for your assistance and then expect you really know what an amazing job you are always providing teaching men and women with the aid of your blog. I know that you’ve never met any of us.

  46. Undeniably imagine that which you said. Your favorite reason appeared to be on the web the easiest thing to bear in mind of.
    I say to you, I certainly get irked whilst people consider
    concerns that they plainly do not understand about.
    You controlled to hit the nail upon the highest and
    also defined out the whole thing without having side effect , other people
    could take a signal. Will likely be again to get more.
    Thanks

  47. Hey I know this is off topic but I was wondering if you knew of any widgets
    I could add to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and was hoping maybe
    you would have some experience with something like this.

    Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

  51. I really wanted to develop a simple message to appreciate you for some of the great hints you are giving on this site. My prolonged internet lookup has now been honored with high-quality facts to talk about with my guests. I ‘d claim that we visitors are unequivocally blessed to live in a decent site with many brilliant people with great concepts. I feel very much fortunate to have come across your entire website page and look forward to really more awesome times reading here. Thank you again for a lot of things.

  52. I wanted to compose you this little bit of observation to be able to say thank you the moment again for the breathtaking basics you have contributed in this article. This is quite seriously open-handed of you to offer unhampered just what numerous people might have offered as an e-book in making some cash on their own, most notably considering the fact that you might have tried it if you ever considered necessary. These guidelines as well worked as the fantastic way to understand that someone else have a similar dream just like my personal own to know the truth more concerning this condition. I think there are some more enjoyable instances in the future for individuals that look into your blog post.

  90. It’s the best time to make a few plans for the future and it’s time
    to be happy. I’ve learn this publish and if I could I desire to counsel you few fascinating things or suggestions.
    Maybe you could write subsequent articles regarding
    this article. I wish to learn more things about it!

  92. Simply want to say your article is as surprising.
    The clearness in your post is just great and that i could think you are knowledgeable in this subject.
    Well with your permission allow me to take hold of your
    feed to stay updated with imminent post. Thank you a million and please keep up the enjoyable work.

  103. My spouse and I absolutely love your blog and find many of your post’s to be precisely what I’m
    looking for. can you offer guest writers to write content for you personally?
    I wouldn’t mind creating a post or elaborating on a lot of the subjects you write in relation to here.
    Again, awesome website!

  123. Howdy just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading correctly.
    I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.

  127. It’s actually a great and helpful piece of information. I’m satisfied
    that you just shared this useful information with us.
    Please stay us informed like this. Thank you for sharing.

  140. Hmm is anyone else experiencing problems with the pictures on this blog loading?
    I’m trying to figure out if its a problem on my end or if it’s the blog.
    Any responses would be greatly appreciated.

  147. Nice post. I was checking constantly this blog and I am impressed!

    Very useful information specially the last part 🙂 I take
    care of such information much. I used to be looking for this
    certain information for a long time. Thank you and best
    of luck.

  156. This is my first tim isit at here and i am truly impressed to
    rewd all at alone place.

    My page – 币安注册方法 币安 币安推荐邀请码 币安推荐码
    币安手续费 币安注册 币安注册方法 币安交易所 币安折扣 币安手续费折扣 币安现货交易 币安期货交易 币安交易手续费 币安身份認證 期货交易 现货交易 (Zandra)

  162. Good day! I could have sworn I’ve been to this web site
    before but after looking at a few of the articles I realized it’s new to me.
    Nonetheless, I’m definitely delighted I stumbled upon it and I’ll be book-marking it
    and checking back frequently!

  167. Cool blog! Is your theme custom made or did you download it
    from somewhere? A theme like yours with a few simple adjustements would really
    make my blog jump out. Please let me know where you got your theme.

    Kudos

  172. Attractive section of content. I just stumbled
    upon your weblog and in accession capital to assert that I acquire actually enjoyed account your
    blog posts. Any way I’ll be subscribing to your augment
    and even I achievement you access consistently fast.

  175. Hello my family member! I wish to say that this article is awesome,
    great written and include almost all significant infos.
    I would like to peer extra posts like this .

  195. This is the perfect website for anyone who hopes to
    find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want
    to…HaHa). You definitely put a brand new spin on a subject that has been discussed for years.

    Wonderful stuff, just great!

  204. Great article! That is the kind of information that are meant to be shared
    around the web. Shame on the search engines for no
    longer positioning this publish upper! Come on over and discuss with my website .
    Thanks =)

  205. After looking over a handful of the articles on your web page, I honestly like your
    technique of blogging. I saved it to my bookmark site
    list and will be checking back soon. Take a look at my web site
    as well and tell me your opinion.

  211. Thank you for any other informative website. Where else may just I
    get that kind of information written in such an ideal manner?
    I’ve a project that I’m simply now running on, and I’ve been on the glance out
    for such info.

  213. It’s a shame you don’t have a donate button! I’d
    definitely donate to this fantastic blog! I guess
    for now i’ll settle for book-marking and adding your RSS feed to my Google account.
    I look forward to fresh updates and will talk about this site with my Facebook group.
    Chat soon!

  215. What’s up to every one, it’s genuinely a nice for me to go
    to see this website, it includes precious Information.

  222. You’re so interesting! I do not think I’ve read through anything
    like that before. So wonderful to find someone with a few unique thoughts on this subject matter.
    Really.. many thanks for starting this up.

    This web site is something that’s needed on the web, someone
    with a bit of originality!

  229. Heya i’m for the first time here. I found this board and I
    find It really useful & it helped me out a lot. I
    hope to give something back and aid others like you aided
    me.

  235. Hey! Do you know if they make any plugins to safeguard against hackers?
    I’m kinda paranoid about losing everything I’ve worked
    hard on. Any suggestions?

  236. I was pretty pleased to find this site. I need to to
    thank you for ones time just for this fantastic read!!
    I definitely enjoyed every little bit of it and I
    have you saved to fav to look at new things in your website.

  250. Wonderful goods from you, man. I have understand your stuff previous to and you are just extremely
    fantastic. I really like what you’ve acquired here, really like what you
    are saying and the way in which you say it.
    You make it enjoyable and you still take care of
    to keep it smart. I can’t wait to read far more from you.
    This is really a terrific website.

  253. Hey this is kind of of off topic but I was wanting
    to know if blogs use WYSIWYG editors or if you
    have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience.
    Any help would be greatly appreciated!

  264. Hello my friend! I wish to say that this article is amazing, nice written and include approximately all important infos.
    I would like to look more posts like this .

  266. Hey there! Would you mind if I share your blog with my myspace group?
    There’s a lot of people that I think would really appreciate your content.
    Please let me know. Thanks

  273. I’m really enjoying the design and layout of your site.
    It’s a very easy on the eyes which makes it much more pleasant
    for me to come here and visit more often. Did you hire out a
    developer to create your theme? Excellent work!

  275. Hi, I do think this is a great site. I stumbledupon it 😉 I will return once again since
    i have saved as a favorite it. Money and freedom is the
    greatest way to change, may you be rich and continue to guide others.

  278. Undeniably believe that which you stated. Your favorite reason appeared
    to be on the net the easiest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly don’t know about.
    You managed to hit the nail upon the top as well as defined out the whole thing without having side effect , people could take a signal.

    Will probably be back to get more. Thanks

  288. Sweet blog! I found it while surfing around on Yahoo News.

    Do you have any tips on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Appreciate it

  293. Simply desire to say your article is as surprising.
    The clarity in your post is simply nice and i could assume you are an expert on this subject.
    Well with your permission let me to grab your feed to keep up to date with forthcoming
    post. Thanks a million and please keep up the rewarding work.

Leave a Reply