Details - Information last confirmed on September 22, 2020
Our firm has been retained to place a 23-year-old unique environmental remediation firm into a larger firm as a Day 1 ready business unit. The company develops subsurface procedures, materials and devices to reach under structures to clean groundwater and soil without disturbing business operations or residential occupancy. The technologies have been successfully used with a 100 % contract and safety record for Department of Defense bases, Fortune 500 Companies, refineries, gas stations, apartments, homes, land development, schools, shopping centers, skyscrapers, hospitals, municipalities, State funded sites, and internationally.
Most significant about the company’s technical development is that all solutions and employee provided field services are presented in well proven contracting options as business solutions.
The company has a suite of performance contracts, peer contracts, and time and material programs. Each is designed to reduce risk for all stakeholders. The company’s technology is recognized as the pioneer in being able to control and fix the duration and cost of remediations to be predictable with reasonable certainty.
The company has specializations in many technical markets including the recovery and or destruction of free product (LNAPL and DNAPL), treatment in fractured rock, real time delineation and installation with great costs savings, being able to install large reach devices under buildings, utilities and roads from just two to six-inch borings, and the treatment of very difficult contaminants in multiple geologies. The company has experience with a wide variety of contaminates from basic volatile organics to poly-chlorinated solvents and a system demonstrated for Per- and polyfluoroalkyl substances (PFAS) using time tested components from previous cleanups.
The founding Principal is second generation in this field with 30 years of experience in the market and running the business operations. The managing Principal for the sale is a former military officer, government regulator and attorney, who is a mechanical engineer. The partners have worked together for 30 years in changing capacities with an executive staff that has been together for 20 years. The management is open to whatever the best continuation or knowledge transfer plan is needed for the buyer, as to make sure the technologies are available to all markets. Also as a benefit, the most recognized household name in the industry has been an advisor and generator of sales since 2008, and can be available to continue to assist. All management has experience either working for Fortune 500companies or a government agencies.
The company has been run as a demonstration business limiting orders to five million dollars per year because of limited working capital and proving development. In the last month alone $3M of new business has arrived, making a necessity to move to a larger platform. The management team is very skilled in transferring operations seamlessly. In 2003, a Principal bought out former Principals and changed the form of the company adding third party financial services. In 2004, the company successfully licensed and trained personnel in Japan. The company services the entire United States while being headquartered in New Jersey.
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