Environmental Due Diligence
On behalf of a prospective purchaser, BPE performed a Limited Subsurface Investigation (LSI) at a freight transportation terminal located in the Midwest. The purpose of the LSI was to address multiple recognized environmental conditions (RECs) documented in a Phase I Environmental Site Assessment (Phase I ESA) prepared by BPE. Despite the multiple RECs documented in the Phase I ESA, the Site owner's environmental consultant, a well-recognized national firm, assured the prospective purchaser and BPE that the Site was 'clean' and that an LSI was not necessary. BPE moved forward and completed a rapid LSI that included the completion of eight (8) soil borings, two (2) temporary wells, soil sampling, and groundwater sampling during one day of field work. The investigation revealed a mass of free product in the vicinity of the main underground storage tank field. Consequently, the Site owner took on Responsible Party status for the release, saving the purchaser hundreds of thousands of dollars in Site assessment and remediation costs.
