CEC provides services during all phases of the business investment cycle from acquisition through business integration, followed by assisting with improvements for business operations to increase value and, when appropriate, divesture.
Economic conditions may force many businesses, at the direction of management, shareholders, private equity, or financial institutions, to assess opportunities to reconfigure assets or restructure their entire business portfolio to optimize their balance sheet. All the while, they may struggle with societal and shareholder demands to demonstrate achievement and value regarding sustainability and climate change matters.
Similarly, many businesses are also challenged with assessing the resilience of their supply chain to mitigate reputation and operational risks, which often includes assessment of vertical integration/acquisition, physical resilience and sustainability issues.
CEC assists various business, legal, investment, and financial stakeholder clients to identify, quantify, and resolve complex environmental compliance and liability issues; assess and mitigate physical resilience, sustainability, and climate change risks; and review and quantify facility asset capital, operation and maintenance obligations to protect value. CEC provides services during the business investment cycle with due diligence tailored to meet individual stakeholder needs while assessing opportunities to acquire assets; assistance to companies during business integration activities; engineering and compliance services to optimize business operations; and, seller due diligence for business divesture when appropriate. These services may include:
- Assessment of Environmental Liabilities and Asset Retirement Obligations (AROs) to provide estimates of environmental liabilities and future obligations to assess fair market value assumptions for management, legal and financial advisors during potential acquisitions to fulfill financial and accounting reporting obligations, and to refine the respective balance sheet;
- Purchase Price Allocation to assess fair market value of environmental liabilities and AROs either before a transaction to assess value assumptions, or post-transaction to support financial reporting obligations and tax purposes;
- Assessments to gauge physical, financial, and societal risks to assets in general accordance with the Task Force on Climate-Related Financial Disclosure (TCFD) Guidance, United Nations Sustainable Development Goals frameworks, industry- specific Sustainability Accounting Standards Board (SASB) standards, or other stakeholder preferred guidance;
- Facility Condition Assessments to review necessary capital expenditures and operation and maintenance obligations associated with specific assets to maintain and preserve value, including review of utility capacity for assessment of supplemental use or business expansion that may impact a prospective transaction;
- Environmental Compliance Audits to assess permitting and compliance risks and the potential impacts to business operations or opportunities for production expansion with existing permitted thresholds;
- Business integration services including environmental policy and program auditing and permit transfers.
- Engineering design, permitting, and construction to enable new or expanded production, and decommissioning and closure of redundant resources for business optimization; and
- Seller’s due diligence to provide technical input for a fair market value assessment during divesture.
