ELM Group, the Wall Street-based environmental risk management firm, has sold its New York City operation to Integral Consulting.
The move follows a planned change in corporate management in January that saw Peter Brussock and Mark Fisher assume the roles of managing partners after buying out founding principal and owner Joseph Fallon.
According to a company release, the sale to Integral came as a result of a restructuring evaluation at ELM. Integral, headquartered in Seattle, WA, is a scientific and engineering consulting company with offices throughout the United States.
“After careful consideration, ELM and Integral, a strategic alliance partner with ELM, concluded that it would be mutually beneficial for ELM’s New York City office to become part of Integral,” says the release.
ELM says it will use the sale to “focus on its key corporate clients, core business areas, and further develop its client services outside the unique environs of New York City. This sale provides the New York City office with the opportunity to explore a greater diversity of opportunities with Integral.
Fisher and Brussock said that the change “is an excellent match with ELM’s business plan and is supported throughout the company.”
Fallon founded the firm in 1989 after leaving a position with the Department of Environmental Protection. He has said that when he founded ELM, he envisioned an environment that would cushion employees from a “culture of burnout.”
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 also has offices in 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 D. Fisher, principal. www.ExploreELM.com.