Environmental assessment - Phase 1 and 2

August 07, 2023
by a searcher from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA
Does anyone have experience with environmental assessments? I'd like to talk to someone who has ideally conducted assessments. I am in DD on a company (asset sale, not real estate included) where environmental leaks can be a problem. Ideally, buyer is responsible for any leaks pre-close and seller is responsible for any leaks post-close. But, determining when leak occurred can be difficult. A Phase 2 environmental assessment could set a baseline, but it is cost prohibitive. So, I would like to talk with someone who has experience to understand if it is possible to identify rough timeline of leak if an assessment is required down the line. Thanks.
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA