Franchising Division - Financial Institution

The Franchising Division of a large financial institution was providing financial consulting services on loan packaging to the franchiser of a nationwide chain of automobile service centers. Environmental liability issues needed to be satisfactorily addressed as part of the financial consulting services being offered.

First Environment worked with the Franchising Division to reduce the costs and improve the value of the required environmental assessment. We developed an assessment tool whose scope was specifically targeted to the operations of the automobile service centers and evaluated each of the services provided by the facilities, the age and size of the facilities, facility design with regard to water supply, wastewater disposal, underground tanks, lift construction, standard operating procedures, waste handling and disposal practices so as to develop an audit checklist for these centers. Use of this modified format resulted in a cost savings of approximately $100,000 in transaction fees.

puzzl0210

ASTM Phase I Assessment

Phase II Assessment

Risk and Liability Assessment

Third Party Assessment Review

Desktop Liability Assessment

Negotiating Strategy

Environmental Contract Provisions

Remedial Alternatives Development

Risk and Liability Quantification

Enforcing Indemnity Provisions

Financial Tools
M&A Services
M&A Case Studies

Mergers & Acquisitions
Environmental Due Diligence
Case Study

OBJECTIVE
  • Focus audits on industry specific issues
  • Lower environmental due diligence cost and fees of lender

FACTS
  • Cost of due diligence was included in fees of financial institution
  • Financial Institution was competing for business

STRATEGY
  • Develop focused assessment tool unique to this industry

RESULTS
  • Financial Institution gained new business
  • Huge cost savings in transaction fees
top_banner_logo_only_copy
about us
services
news & events
literature
careers