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Capital Assets Management, LLC Introduces Risk-Free Asset Recovery
When Environmental Issues are a Concern
8/22/2003–Hunt Valley, MD–Buyers and sellers of surplus industrial equipment or entire properties who are concerned about real or perceived environmental liability issues that may arise as a result of the property transfer, can now benefit from the newly introduced turnkey services of Capital Assets Management, LLC. The Web site is www.capitalassets.us.
Capital Assets Management - an affiliate of MARCOR Remediation, Inc., a recognized and experienced leader in environmental services contracting - provides buyers and sellers with risk-free asset recovery, eliminating the uncertainty and associated price gap between real and imagined cleanup costs, and enabling parties to agree on a fair and reasonable price for the asset.
"Capital Assets Management's approach to environmentally sensitive plant closures, sales of potentially contaminated sites, and other asset divestitures sets it apart from other brokers or consultants dealing in asset recovery," explained Glenn McCracken, vice president. "We ourselves aggressively market the assets to potential buyers, perform all environmental remediation and regulatory interface, and implement best practices for risk management of potential future liability associated with property transfer."
According to McCracken, the need for a unique investment recovery service like Capital Assets Management has been steadily evolving since the CERCLA/Superfund law went into effect. "There have been literally hundreds of millions of dollars spent in litigation to determine who is responsible for cleanup costs at sites where contamination is both real and/or perceived. Transactions were delayed and even canceled, hampering economic development.
"Now, the combination of less onerous regulatory closure processes, which indemnify potential buyers of these sites from contamination which is already present, coupled with innovative insurance options to manage the risk of known and unknown future environmental risks, can assure project completion at a fixed cost," he noted.
Capital Assets Management can take a client through the entire process of transfer. For example, rather than merely posting assets on a Web site, the company initiates a total marketing communications plan through a number of means, including direct mail, telemarketing, e-mail, and participation in trade associations. The company maintains up-to-date databases of highly targeted customer segments, as well as other lists of interested parties developed over many years through its affiliation with MARCOR.
In instances of plant closures or sales of potentially contaminated sites, Capital Assets Management - once it identifies a buyer of the property - can establish its future intended use, providing the foundation for the firm to interact with regulatory agencies to lock in a "site-specific risk-based cleanup standard." Capital Assets Management, through its affiliation with MARCOR, then performs the agreed upon cleanup utilizing the environmental leader's 25 years of experience, knowledgeable staff, and modern technologies. By doing this, tasks can be cost-effectively synchronized and sequenced, the schedule can be compressed, and excess indirect costs can be eliminated.
Until now, the act of separating the real and/or perceived environmental liability from a property's true value has been a big obstacle for buyers and sellers, often involving several companies with disparate areas of expertise. Now Capital Assets Management alone can handle this undertaking in an exceptionally efficient and cost-effective manner. The asset recovery firm can protect a client from receiving offers that unfairly discount the market price of the property. Capital Assets Management can quantify and cap that cost. The fixed price solution protects against
- changed conditions
- newly discovered contamination during cleanup
- change in regulatory standards
- change in scope of work
- cost increases, and
- inefficient or incomplete cleanup process
In addition, site-specific environmental insurance can protect a number of other unforeseen contingencies.
For more information on Capital Assets Management, call Glenn McCracken at 610-269-3250 or email ask@capitalassets.us. The Web site is www.capitalassets.us
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