By Joshua Burd
Langan Engineering & Environmental Services has added a team of consultants focused on due diligence for environmental, social and governance issues, as it looks to serve an area of growing importance to major corporations.
The Parsippany-based firm noted that its new practice will serve clients engaged in mergers and acquisitions. Led by Kyle Strumfels, an associate, the group has supported hundreds of deals ranging from small acquisitions to multibillion-dollar mergers in which ESG issues have become a critical part of the vetting process for assets that are being acquired.
Such issues include sustainability and climate impact in the environmental realm and diversity, human rights and consumer protection in the social category, along with governance matters such as management structure, employee relations and executive compensation.
“Langan clients involved in deal-making activities are in need of consultants that can help them evaluate ESG issues accurately and efficiently, and we are pleased to have added this practice to our integrated service offerings,” said David T. Gockel, Langan’s CEO and president. “Kyle and his nationwide team have extensive experience with financial, legal and industrial clients around the world, and we are already seeing great synergies that are benefiting Langan clients.”
Langan’s ESG M&A consulting team is centered in the financial hub of New York City, with experienced staff located in offices throughout the U.S, the firm said. It also has employees and strategic partnerships overseas to ensure that clients with international deals have adequate coverage.
“My team is excited to be part of Langan, a firm with an outstanding reputation, national reach and technical services that complement what we do,” Strumfels said. “One of the most important cultural similarities we found at Langan on day one is a commitment to client responsiveness, which is critical to keeping transactions progressing through the deal cycle.”
