Agway Feed and Nutrition, in order to expedite site transactions, retained BL Companies to perform Phase I Environmental Site Assessments as part of due diligence studies for 11 sites throughout Pennsylvania and New York.
BL Companies completed Phase I assessment within 30 days, providing recommendations for follow up work regarding issues involving the presence of underground storage tanks and spills not previously characterized. Throughout this assessment, BL Companies worked closely with Pennsylvania and New York state environmental agencies. BL Companies aggressively fast-tracked Phase II site investigations for these sites, and provided tank remediation, soil remediation, groundwater characterization and on-going monitoring services. Further assessment and remediation, as part of Phase III, has recently been completed on one of the 11 sites.
Critical to this contract was BL Companies’ assistance to the client with understanding of potential environmental liabilities. Because Agway fully understood the environmental issues and results of divestiture investigations conducted, the company was able to pass along this information to potential purchasers in order to quantify the selling price for each site.