We Unlock Value for Customers by Quantifying and Assuming Risk
30 years of experience in
Remediation and Risk Transfer.
The Most Robust Environmental Risk Transfer Program in the Industry
Putting Our Customers
and Communities First.

About Us

Environmental Risk Transfer (ERT) provides complex environmental risk-transfer solutions to corporations that wish to cost-effectively eliminate environmental liability.  In response to increasing shareholder and stakeholder demands for certainty, as well as the state and federal regulatory focus on financial assurance for site closure, the Waterfield Group  and Environmental Operations, Inc. (EOI) created ERT. ERT’s relationships with the largest and most sophisticated financial institutions, legal experts and deep team of industry leading environmental engineers – means we combine our financial, operational, technical, and risk management expertise to offer highly competitive long-term solutions that bring closure to environmental sites. By offering integrated environmental experience with innovative financial products, we provide our clients with best in class solutions that define, mitigate and contain environmental and financial liability. We are pleased to provide details on our background and experience below.

The Waterfield Group (“Waterfield”) is a diversified financial service holding company that traces its origins to 1928. After selling the largest private mortgage company in the US and largest Indiana-based bank in 2006 and 2007 respectively, the Waterfield Group has focused on investing opportunistically in many sectors.  Providing investment capital and affiliation with the strongest companies and service providers enables Waterfield to solve complex problems with its partners and clients. Risk management is the cornerstone to our heritage.

Established in 1986, Environmental Operations, Inc. (EOI) is an environmental engineering firm with a critical value proposition- guide environmental projects, large and small, from inception to successful completion using an innovative and investment-minded approach. EOI understands the financial pressure associated with a slow-moving project and uses its consulting expertise and business savvy to help clients navigate engineering, regulatory and political obstacles that challenge each project.  EOI identifies and resolves environmental issues and makes projects happen with customer-oriented consulting, integrated technical expertise and risk assumption tools, all designed to minimize or eliminate the client’s environmental liabilities. EOI offers regulatory negotiation, risk assumption and integrated environmental services to Fortune 500 corporations, real estate developers, municipalities, county governments, general contractors, utilities, industries, manufacturers, bankers, and attorneys.  

Overview

“Missouri Cobalt (ERT’s subsidiary) saw the potential of the mine and put together a plan to take it over, clean it up and get it back to productive use. This type of environmental risk transfer is a model that we hope can be adopted at other sites around the country.”  (Remarks of EPA Administrator Andrew Wheeler at ERT’s Madison Mine site on July 31, 2019, the 20th Anniversary of the Superfund Redevelopment Initiative.)

Our combination of the primary funding trust (escrow), insurance products issued by top-rated insurers and our contractual indemnity is the most robust risk transfer program in the market place and fully addresses the full spectrum of environmental risk to the customer.

We BROADLY AND IN PERPETUITY indemnify the customer for the assumed environmental risk. This indemnity is collateralized by the assets purchased, an escrow account, fixed-price contracts and/or bonds with reputable contractors, and, in the event the indemnity fails, an “excess of indemnity” insurance policy which will “step in” for the indemnity provided by ERT.

In our typical program, we indemnify for all liabilities and claims arising out of, relating to or resulting from (i) the physical condition of the property, including any environmental conditions (whether known or unknown, suspected or unsuspected) above or below grade on or emanating from your property, which may have existed in the past, may now exist, or may exist in the future and which will affect the property; (ii) any release of or exposure to any hazardous materials occurring after our closing; and (iii) any actual or alleged non-compliance with any environmental laws or permits after our closing.

 

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