- WEB EXCLUSIVE
- PE COFFEEHAUS
Among the factors that contributed to 2001’s growth in the ESA marketplace were a declining interest rate environment and the associated increase in refinancing activity, coupled with tightening lending standards not seen since the early 1990s. Demand for ESA’s increased as lenders more carefully scrutinized each loan.
“These factors managed to offset the lower Phase I activity that typically characterizes an economic downturn and bucked the downward trend that has existed in ESA markets since 1998,” according to Dianne Crocker, managing director of EDR’s market research group and principal author of the study. Despite a record-low year for merger and acquisition activity and a sharp downturn in the telecommunications sector, the ESA industry was bolstered by healthy, but stable, demand in other sectors.”
EDR’s research is based on six years of comprehensive statistics on the ESA and transaction screen marketplace, as well as its strategic partnerships with professionals in the environmental consulting, banking, insurance, and corporate sectors. The complete annual state of the ESA industry report is available in February’s edition of EDR’s ESA Report newsletter.