TRC supported the sale of a manufacturer of specialty membranes for the soluble delivery of various products in “melt-away” packets for use in detergents, industrial applications and water separation technology applications, operating though five locations in the US and EU. Due to potential concern over environmental risk associated with the historic site use at some locations, as well as operating compliance permits, Seller was proactive in the management of the sale process to maintain Exit value.
TRC provided comprehensive Sell-Side Due Diligence support, updated Phase I assessments, and prepared the data room technical reports and liability cost estimates for legacy site remediation costs, ensuring that the facilities were optimally framed to mitigate bidders’ concern.
By investigating and addressing environmental issues before sale, Seller was able to frame the issues and present liability concerns, easing deal negotiations with Buyer, simplifying negotiations with deal team counsel, and avoiding potential cost adjustments for perceived environmental liabilities.
TRC’s activities included: