The purchaser of 28 ferrous and non-ferrous foundries, casting facilities, machining/finish casting, warehouses, and landfills retained ESI to conduct due diligence site assessments. This acquisition was a SEC governed leverage buyout.

ESI’s scope of work included evaluating the environmental compliance program at each of the facilities, compliance upgrade requirements in light of current and proposed regulations with particular attention on air pollution control requirements. ESI looked at compliance and remediation issues associated with asbestos; above and underground storage tanks; SPCC plans; water discharges; solid and hazardous waste; air quality; site process operations, and historic environmental studies/reports. A separate report on compliance upgrade, pollution control, and remediation costs was provided for property acquisition price negotiations.

ESI organized this project using five regionally based site assessment teams with a central report development location to cost effectively handle the eight states where the properties were located. In the middle of the project, SEC acquisition approval came several weeks earlier than expected. As a result, ESI was asked to complete and deliver our reports two weeks early. ESI added additional resources to successfully comply with this new deadline.

In the course of conducting the facility inspections, ESI discovered several additional properties owned by the seller where foundry landfill activities had taken place resulting in an expansion of our scope of work to evaluate these sites. ESI provided recommendations for site management to reduce the likelihood of environmental liabilities.