Meeting Agency Obligations
Environmental regulations are constantly evolving and becoming more stringent and complicated. While staying on top of the latest regulations and permit requirements can be difficult, failure to do so can result in fines, penalties, or lost revenue from interrupted business. In addition, businesses receiving large fines and penalties can also suffer from poor public perception.
Identifying Operational Concerns
BB&J has helped many industrial and commercial clients identify permit-compliance concerns during merger and acquisition (M&A) and other business transactions, alerting prospective buyers to potentially expensive operational problems. This has allowed the buyer, with BB&J’s assistance, to negotiate transaction terms that account for the need to correct problems and assume liability for prior operations.
BB&J has also provided pre-transaction compliance audits to clients considering the acquisition of business operations. These audits have identified areas for required and potential improvement, and helped clients prepare the plans and permits needed to operate. BB&J has experience assessing permit needs related to major federal environmental regulations (e.g., Clean Air Act, Clean Water Act, RCRA) and many of their state- and local-level equivalents.
Solving Past Problems
Additionally, sales of industrial properties are considering more than just historical environmental liabilities as they have in the past. Often, the potential for future environmental problems due to current operations are considered as well. Significant expense may be incurred post-acquisition by a buyer in the process of bringing a facility into compliance with environmental permits required for operation of the business. BB&J helps clients identify the necessary permits during pre-acquisition due diligence and can also provide Opinions of Cost for bringing the operations into compliance. Post-acquisition, BB&J can implement the permit requirements and assist clients with documenting permit compliance.
Related BB&J Services: Permitting
- Regulatory Negotiations
- Regulatory Analysis
- Strategy Analysis
- Feasibility Analysis
- Engineering Design
- Land Use
- Budgeting and Scheduling