Environmental Audit, Inc. Divestiture
This announcement appears as a matter of record only
Environmental Audit, Inc.
has been sold to an
investment group led by
Cadence Management
The undersigned initiated the transaction, acted as financial advisor to, and assisted with the negotiations as representative of Environmental Audit, Inc.
a member of
Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered broker dealer and member FINRA/SIPC.
Engaged by Environmental Audit, Inc. to advise the principal shareholder on the sale of the company. FOCUS sold the firm to a venture capital syndicate comprised of Applied Technology, First Century and Cadence. EAI, at the time, was the major provider of environmental hazardous waste site information in the U.S.