For Immediate Release
The TBLS Group, Inc. Selected by American Industrial Acquisition Corporation (AIAC) to provide Environmental Advisory Services
Alliance expected to enhance acquisitions, streamline due diligence and improve management of environmental issues associated with AIAC properties.
September 8, 2014—New York, NY
The TBLS Environmental Advisory Group announced today the signing of a Master Services Agreement with American Industrial Acquisition Corporation (AIAC). AIAC and its affiliates own 60 manufacturing operations and actively acquires, turns-around and operates distressed manufacturing companies throughout the world. AIAC has acquired and turned around distressed units of global companies such as Boeing, Siemens, Northrop Grumman, Lockheed Martin, UTC, Johnson Controls, Ahlstrom, Novelis, Jabil Circuit and other large corporations.
TBLS is a boutique environmental advisory whose team of experts (from AIG Environmental, Marsh, BP and global environmental consulting groups) marry traditional environmental due diligence services with sophisticated financial modeling and environmental valuations. The TBLS reports and valuations tend to neutralize the “deal breaking” impacts of environmental issues by modeling realistic and fair value, addressing cost and regulatory risk tolerances, and formulating settlement strategies based on understandable financial and environmental data. Post-deal, TBLS monitors and manages environmental issues so that ongoing costs stay in line with budgets and timelines. According to Frances Schlosstein, President of The TBLS Group, “We are excited by the opportunity to assist AIAC in evaluating acquisition targets as well as to save them money through the streamlining of post-closing environmental management.”
AIAC sees the TBLS Environmental Advisory as playing an important role in its growth strategy. Leonard Levie, AIAC Chairman, stated “Since the AIAC growth strategy includes the acquisition of distressed properties and full assumption of environmental liability, having TBLS advisors readily available will help us to make informed decisions. Additionally, we expect that AIAC in certain instances will benefit TBLS contacts when a distressed business carve-out or liability transfer could favorably impact a larger acquisition transaction”.
About TBLS Group
The TBLS Group is an environmental and sustainability advisory group located in Northern New Jersey and New York. TBLS experts are award-winning financial and environmental consultants, each with 25+ years of experience. They have valued and managed some of the largest Superfund, Brownfield and Sediment projects in the Country. Their expertise in the energy, chemical, manufacturing, real estate, mining and industrial sectors includes valuing cross border portfolios as well as smaller local issues.
About American Industrial Acquisition Corporation
American Industrial Acquisition Corporation (AIAC) is a group of 60 manufacturing sites with over 9,500 employees in 18 countries in North America, Europe, Africa and Asia. Total annual revenues exceed $1.5 billion. AIAC has purchased and turned around distressed manufacturing units of Boeing, Siemens, Northrop Grumman, Lockheed Martin, UTC, Johnson Controls, Ahlstrom, Novelis, Jabil Circuit and other large corporations. AIAC also purchases companies in UCC Article 9 and 363 Bankruptcy Sales, and purchases distressed debt from leading banks.
For further information or questions please contact:
Frances Schlosstein, President
The TBLS Group
646-431-7605 or 973-750-1500