Following a management buyout of founding principal and owner Joseph Fallon, Research Park-based ELM Group has announced that the two remaining principals will continue leading the firm.

Mark Fisher and Peter Brussock have assumed the role of managing partners of ELM, an environmental engineering and consulting firm that specializes in environmental due diligence, site investigations, and remediation.

The company also performs Brownfields redevelopment and project management services for complex environmental issues associated with hazardous substance discharges.

The action is the latest step in the long-term transition plan instituted 10 years ago. “It is important for us as a firm to continue to provide growth opportunities for our key people, and this is part of the ongoing process to provide such opportunities,” says Fisher.

“We look forward to the challenges to continually improve our services for our expanding client base,” says Brussock.

Fallon founded the firm in 1989 after leaving a position with the Department of Environmental Protection. He says that when he founded ELM, he envisioned an environment that would cushion employees from a “culture of burnout.”

“I wanted to create a company that benefited employees,” says Fallon, adding that he believes he accomplished that goal. The buyout, terms of which were not made public, is part of a long-term transitional plan to provide opportunities for key employees in the company.

“It’s time for them to take over and run the company in the direction as they see fit,” he says.

The firm also provides land use management and planning, ecological assessments and restoration services, as well as permitting and compliance/monitoring services for ongoing industrial and commercial operations.

ELM currently employs a staff of 55 people, and also has offices in New York City, Boonton, Holicong, PA, and Bethlehem, PA.

The ELM Group Inc., 218 Wall Street, Research Park, Princeton 08540-1512; 609-683-4848; fax, 609-683-0129. Mark Fisher and Peter Brussock, managing partners.

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