Environmental Challenges & ResolutionsMerger & Acquisition Transactions
JANAS professionals have worked in industries with past and current operations involving toxic materials. The unknown condition of long-held property and the uncertainty of constantly evolving regulations are constant concerns of many business owners. Interaction with the AQMD, Regional Water Boards, or other governmental entities under CUPA can be challenging. Buyers of businesses with environmental challenges must be satisfied with the resolution of environmental issues. Because of the experience of JANAS professionals that includes contacts with Environmental Engineering firms to evaluate resolution of these challenges, we consistently bring peace of mind to client and buyer that results in successful closings. The JANAS Merger & Acquisition Team has developed strategies for clients seeking a partial or total exit, that contained challenges that required consulting services regarding environmental issues. From initial concept through detailed planning and execution, JANAS has professional expertise and referral partners to confidentially resolve environmental issues. A JANAS client in the Petroleum Distribution business shared their expectations for the sale of their company and related real estate as follows: “I live in another state. Once the sale is finalized and I leave California, I want no lingering obligations or ties to look back on.” JANAS consulted with the client to enhance earnings, evaluated operations, and determined the extent of environmental issues. Company and real estate sold for 3½ times the initial valuation, the buyer agreed to pay for any future environmental issues, and the client got his wish. JANAS Merger & Acquisition services are provided by Financial Industry Regulatory Authority (FINRA) professionals. JANAS Corporation is a licensed Real Estate Broker and can affect real estate sales in coordination with the sale of operating companies. Real Estates sale transactions are typically sale lease-back. |
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JANAS CLIENT CHALLENGES CLIENT KNOWS THAT TOXIC SUBSTANCES ARE PRESENT IN THE COMPANY REAL ESTATE. The JANAS program confirms the existence of hazardous underground challenges. Both Client and Buyer are made aware of environmental issues. JANAS professionals interface with Environmental Consultants with whom the firm has a relationship to understand issues and resolutions. The result is sale of the business and the real estate without interruption of operations. CLIENT FEARS TOXIC SUBSTANCES IN THE GROUND CAUSED BY THE BUSINESS OF THE COMPANY . The JANAS program results in the discovery, the extent of conditions, the estimated time for a cleanup, and the projected cost of remediation. JANAS consults with the client and interfaces with the buyer and its environmental consultant. JANAS works with the client and negotiated with the buyer to determine a resolution for the environmental challenges. Our result is sale of the business. The owner may either prefer to retain ownership of the real estate or have JANAS arrange a sale lease-back. |
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