CM&A client Critical Resources sold to ERM

By February 17, 2020March 5th, 2020No Comments
Our support of Critical Resource Strategy & Analysis Ltd has resulted in its sale to ERM, the world’s leading sustainability consultancy.

Founded in 2006 by Daniel Litvin, Critical Resource provides strategic advice to mining and energy firms and their investors on ‘license-to-operate’ issues, often working for C-suite executives and boards. The team specializes in socio-political, stakeholder and sustainability risk assessments of energy and mining assets.

Daniel Litvin said: “We are delighted to be joining forces with ERM. Sustainability pressures on mining and energy firms have never been more intense. Critical Resource has built a specialism in working with senior executives who wish to pursue leading edge, strategic and responsible approaches in this area, whether on ‘license to operate’, political, climate or other ESG challenges. These are issues about which our team is passionate. ERM’s impressive depth of expertise on environmental and related topics, its global scale, and its own passion for sustainability, make it a great partner for us.” He went on to add regarding the transaction process: “By knowing the buyers and what they are looking for, and how best to engage with those buyers, and their deep expertise in transactions of this sort, CM&A were able to achieve the best possible outcome for shareholders, staff and clients.”

“The value at stake for the mining and energy sectors due to sustainability, energy transition and socio-political challenges is increasing and Critical Resource is known and respected for its capabilities in being able to help its clients navigate that challenge,” said ERM Group Chief Executive Keryn James. “ERM’s intention is to rapidly grow and expand our capabilities organically and inorganically, so that we extend our leadership position in this space.  Critical Resource is yet another very high-caliber addition to the ERM Group which supports this objective. Together we will help the world’s leading organizations navigate their way towards a more sustainable future for everyone.”