Environmental Resources Management
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[edit] Environmental Resources Management (ERM)
ERM is the world’s largest pure provider of environmental, health and safety, and risk consulting[1] with services ranging from strategic, board-level advice to site permitting and decontamination.
ERM has over 3,000 staff based in 120 offices in 40 countries and is organized into 4 regions: North America, Europe (including Africa), Asia Pacific, and Latin America and Caribbean.
More than 90% of ERM’s revenues are derived from the private sector with the majority of its clients situated in the manufacturing, pharmaceutical, chemical and oil and gas sectors. The company’s overall client base includes approximately 60% of the Global Fortune 500.
The business has a multinational client base and a focus on five core services:
• Contaminated site management
• Compliance assurance
• Planning and Environmental Impact Assessment
• M&A transaction support
• Strategic advice
[edit] History
ERL (UK) and ERM (US) were founded separately during the 1970s as environmental issues began to impact corporate activity. Both firms expanded rapidly with ERL expanding into Hong Kong, Italy and Bahrain and ERM growing across the USA.
In 1987, ERM acquired a majority stake in ERL creating a company that has the spread necessary to cover its clients’ increasingly global needs. Despite the cross shareholding, the Group was administered in two distinct parts with two boards and the US and UK accounts were consolidated separately.
In March 2001, Management bought ERM from the retiring founders. The buyout was backed by 3i and resulted in a complete financial and organizational restructuring of the business. Except for in a few specific cases, every operating company became part of the ERM group.
In December 2005, ERM completed the acquisition of the business through a management buyout in partnership with private equity firm Bridgepoint. The transaction values the business at US$535 million.
As a result, ERM management and employee shareholders hold a 42% stake in the business with Bridgepoint holding the balance. A significant number of employee shareholders rolled over a substantial portion of their proceeds from the sale to re-invest in the new business.
[edit] Key People
• Robin Bidwell, Executive Chairman
• Peter Regan, Chief Executive Officer
• Andrew Silverbeck, Finance Director
• Mike Hauck, Non-executive Director
• James Kelly, Non-executive Director and Chairman of the Remuneration Committee
• Kevin Reynolds, Non-executive Director
• John Alexander, Chief Operating Officer
• Ann Sirois, General Counsel
[edit] External Links
[edit] Notes
- ^ Rubin, Debra. "Bright Green Is Today's Hot Color - McGraw-Hill Construction - ENR: ENR’s annual Top 200 Environmental Firms Table, Engineering News-Record (ENR), July 3, 2006.
