EBJ commends ERM's high work volume in a tough M&A market
03 June 2010
The Environmental Business Journal (EBJ) this week named ERM business achiever of the week. The honor recognizes ERM's bronze medal in the large Consulting and Engineering Firm Category of its 2009 Annual Business Achievement Awards.
The Award was give to ERM for maintaining a high volume of work related to mergers and acquisitions despite the tightening of the credit markets and the subsequent downturn in the M&A market over the past couple of years. During this time ERM secured over US$100million in annual revenue in its Transaction Services Practice area.
With a 25 year history in guiding transacting companies through the maze of environmental, health, safety, social, and sustainability risks and liabilities associated with deals, EBJ recognized ERM's ability to identify a significant demand for due diligence services related to bankrupt and distressed assets, project finance, and the privatization of state-owned assets. In 2009 ERM completed over 2,500 due diligence projects.
EBJ noted: "Due to changes seen in the market in 2007 and 2008, ERM’s transaction services teams have worked on a large number of industry-altering mergers, divestitures, and acquisitions of distressed companies or divisions, and it has provided critical support in the largest environmental claims in bankruptcy history."
Mark Errington, ERM's Global Transaction Services Lead said: "Its great that EBJ has recognized ERM's contribution. Whilst the economy in the last 18 months has been challenging, as both market and thought leaders we have responded yet again, with deal-ready offerings that are not only market changing, but continue to enhance ERM's value proposition to our clients."