Compliance Services
TGE Resources, Inc. has assisted numerous financial institutions, Fortune 500 companies, and small cap businesses during the environmental due diligence process of merger and acquisition. Because mergers and acquisitions can involve hundreds of pieces of real property, and/or thousands of asset units, TGE discusses with the client specific tasks and industry specific approaches that can be put into place to minimize cost, yet achieve desired results of risk minimization. Because a single piece of environmentally impacted real estate can result in deleterious financial results for the entire merger/acquisition portfolio, it is critical that real estate associated with the most notable risk be identified. Based on the particular type of industry being investigated, TGE prepares industry-specific checklists and report formats to meet the needs of the project.
Secondary assessments and environmental testing (if necessary) can then be conducted at locations with the greatest apparent need. Finally, reliable financial estimates for environmental clean up can be provided as an element of the due diligence process. Performance of pre merger /acquisition environmental efforts allows decision makers to include appropriate indemnities within closing contracts. Such surveys also provide for “advanced knowledge” and allow for the set aside of monies in escrow in the event of possible future environmental remediation, or other environmental regulatory action or third party litigation.
Post-acquisition environmental management, along with pre-merger/acquisition due diligence, is provided by TGE in cost effective packages, allowing the client to more accurately estimate expenses associated with the transaction and ownership of related real property.
Often conducted as an element of a Phase I or Phase II ESA, TGE collects surface soil, sediment and water samples as a means of non-intrusive testing. This approach to preliminary field characterization is of value when the mobilization of more expensive field equipment may not be feasible. At times, data is required for purposes of chemical contamination characterization and to conduct baseline assessments.