PM Environmental, a Lansing, Mich.-based environmental consulting firm, has been ranked as a top-25 provider of Phase I environmental site assessments, according to data released this week by Milford, Conn.-based Environmental Data Resources (EDR).
EDR, whose market research arm developed ScoreKeeper – a market monitor for the environmental due diligence industry -Â releases quarterly results that provide strategic information on Phase I environmental site assessment (ESA) activity by region, state, metropolitan area and individual firm.
ScoreKeeper includes the EDR25 Index – a tool used to track the performance trends of the top 25 ESA providers, which collectively accounted for one-third of all Phase Is conducted in the U.S. in 2009. Phase I ESAs are used by real estate investors, lenders and other entities to assess a commercial property's potential for environmental contamination.
In the fourth quarter of 2009, PM Environmental broke into the ScoreKeeper EDR25 Index at number 23; the company was ranked No. 1 in Michigan for the seventh consecutive quarter.
"[PM Environmental]Â is to be commended on their success, particularly in an extremely tough year for Phase I firms," says Dianne Crocker, a senior economist and managing director of EDR's Market Research Group, adding that 2009's Phase 1 volume fell 23% below 2008 levels.
SOURCE: PM Environmental